A bill to amend title III of the Bankhead-Jones Farm Tenant Act, as amended, to increase the amount of any loan for which funds may be appropriated without prior approval of such loan by congressional committees.

Increases from $250,000 to $500,000 the amount of any Resource Conservation and Development loan for which funds may be appropriated under the Bankhead-Jones Farm Tenant Act without prior approval of such loan by certain Congressional committees.

Extends the loan-making power of the Secretary of Agriculture to include loans for the conservation, development and utilization of water for aquaculture purposes.