A resolution expressing the sense of the Senate that emergency action should be taken by the President and the Secretary of Agriculture to stabilize the farm economy.

Expresses the sense of the Senate that the President should: (1) work with the Board of Governors of the Federal Reserve System to reduce the interest rates for farmers; (2) take specified emergency actions to stabilize commodity prices and provide credit assistance to farmers; and (3) nominate persons for the Board of Governors of the Federal Reserve System who will insure that agricultural interests are fairly represented.