A bill to require the Secretary of Agriculture to carry out an emergency feed program to assist family farmers in preserving and maintaining livestock and poultry in areas affected by the 1983 drought and to establish graduated interest rates for emergency loans made under the Consolidated Farm and Rural Development Act to farmers and ranchers for actual losses resulting from such drought.
Drought Assistance Act of 1983 - Requires the Secretary of Agriculture to carry out an emergency feed program in designated disaster areas to assist family farms in preserving livestock and poultry affected by the 1983 drought. Reallocates specified Commodity Credit Corporation funds for such program.
Establishes graduated interest payments (three percent on first $50,000, five percent on next $50,000, eight percent on amounts above $100,000) for drought-related emergency loans for family farmers otherwise unable to get sufficient credit.
Introduced in Senate
Read twice and referred to the Committee on Agriculture.
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