A bill to amend the Consolidated Farm and Rural Development Act, to require the Secretary of Agriculture to make and insure loans to certain farm supply businesses which have been adversely affected by the payment-in-kind program.
Agribusiness Loan Act of 1983 - Amends the Consolidated Farm and Rural Development Act to require the Secretary of Agriculture to make and insure loans to small farm supply businesses which have been adversely affected by the payment-in-kind program. Requires the Secretary to issue implementing regulations within 60 days.
Limits such loans to $75,000.
Terminates such program at the end of FY 1984.
Introduced in Senate
Read twice and referred to the Committee on Agriculture.
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