Grain and Soybean Reserve Act

Grain and Soybean Reserve Act -- Requires the Secretary of Agriculture to establish a separate reserve of inventories of wheat, feed grain, and soybeans. Specifies quantities and methods of building such reserves. Authorizes the Secretary to dispose of reserved commodities: (1) to relieve distress in areas affected by acute unemployment, major disaster, or civil defense emergency; and (2) to assist in preserving and maintaining foundation herds of cattle, sheep, and goats.