A bill to provide emergency loans to farmers, ranchers or persons engaged in aquaculture where the Secretary of Agriculture determines that the operations of such persons have been substantially affected by a natural disaster for three or more consecutive years, and for other purposes.
Consecutive- Disaster Emergency Loan Act of 1984 - Amends the Consolidated Farm and Rural Development Act to direct the Secretary of Agriculture to make and insure disaster loans to persons engaged in aquaculture whose operations have been affected for at least three consecutive years by a designated natural disaster.
Authorizes the Secretary to make such assistance available to aquaculture operators who have suffered production losses in adjacent counties.
Directs the Secretary to conduct such loan program in a manner that will foster the family farms.
Authorizes: (1) loan consolidation and refinancing; and (2) loan and foreclosure deferral for up to five years. Sets forth related provisions.
Directs the Secretary to promulgate implementing regulations.
Introduced in House
Introduced in House
Referred to House Committee on Agriculture.
Referred to Subcommittee on Conservation Credit and Rural Development.
Subcommittee Hearings Held.
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