Emergency Agricultural Adjustment Act of 1983

Emergency Agricultural Adjustment Act of 1983- Title I: Wheat - Amends the Agricultural Act of 1949 to set 1984 and 1985 wheat loan rates at not less than $4.22 per bushel. Sets target prices for 1984 and 1985 at $4.60 per bushel and $4.75 per bushel, respectively.

Directs the Secretary of Agriculture to establish a minimum 30 percent acreage reduction program (combined acreage limitation and land diversion) for 1984. Sets payment at not less than $3.25 per bushel, or at the farmer's option, payment in kind according to a formula including at least 80 percent of the program payment yield.

Directs the Secretary to establish a 1985 combined acreage reduction program if estimated 1985 supplies exceed 125 percent of estimated domestic and export needs. Makes payments on the same basis as 1984.

Provides that the acreage base for 1984 and 1985 shall be the average of two of three preceding years, as chosen by the farmer.

Requires payment adjustments to be made to double cropping farmers whose second crop is reduced because of program participation.

Permits hay and grazing on the reduced acreage.

Requires the Secretary to provide disaster assistance for prevented plantings.

Title II: Feed Grains - Sets 1984 and 1985 feed grain loan rates at not less than $2.84 per bushel. Sets 1984 and 1985 target prices at $3.08 per bushel and $3.23 per bushel, respectively.

Establishes a minimum 20 percent combined acreage reduction program for 1984. Sets payment at not less than $2.00 per bushel, or at the farmer's option, payment in kind according to a formula including at least 80 percent of the program payment yield.

Sets forth similar provisions regarding 1985 acreage reductions, acreage bases, double cropping adjustments, grazing, and disaster payments as provided in title I of this Act.

Includes corn, grain sorghum, barley, and oats in the definition of "feed grains."

Title III: Upland Cotton - Sets 1984 and 1985 upland cotton loan rates at not less than 70 cents per pound. Sets 1984 and 1985 target prices at 83 cents per pound and 88 cents per pound, respectively.

Establishes a minimum 20 percent combined acreage reduction program for 1984. Sets payment at not less than 30 cents per pound, or at the farmer's option, payment in kind according to a formula including at least 80 percent of the program payment yield.

Sets forth similar provisions regarding 1985 acreage reductions, acreage bases, double cropping adjustments, grazing, and disaster payments as provided in title I of this Act.

Title IV: Rice - Sets 1984 and 1985 rice loan rates at not less than $8.60 per hundredweight. Sets 1984 and 1985 target prices at $11.94 per hundredweight and $12.43 per hundredweight, respectively.

Establishes a minimum 20 percent combined acreage reduction program for 1984. Sets payment at not less than $3.00 per hundredweight, or at the farmer's option, payment in kind according to a formula including at least 80 percent of the program payment yield.

Sets forth similar provisions regarding 1985 acreage reductions, acreage bases, double cropping adjustments, grazing, and disaster payments as provided in title I of this Act.

Title V: Soybeans - Sets 1984 and 1985 soybean loan rates at not less than $5.40 per bushel.

Title VI: Special Payment-In-Kind Land Diversion Program - Provides that if a payment-in-kind land diversion program is in effect, the Secretary shall: (1) ensure that the value of the particular commodity is not less than 90 percent of the basic county loan rate for that commodity; and (2) make payments based on at least 80 percent of the program payment yield.

Title VII: Advance Payments - Requires the Secretary to make advance payments to farmers participating in an acreage reduction program.

Title VIII: Payment Limitation - Excludes diversion payments from the $50,000 payment limitation for the 1983 through 1985 crops of wheat, feed grains, upland cotton, and rice.

Title IX: Early Announcement of Programs - Advances acreage and acreage reduction programs announcement dates for wheat, feed grains, upland cotton, and rice.

Title X: Special Soil and Water Conservation Program - Authorizes a special soil and water conservation program (payments to be made to participants in cash or in kind) on erosion-prone land. Requires the Secretary to publish implementing regulations in the Federal Register within 60 days.

Title XI: Agricultural Export Market Expansion - Amends the Agriculture and Food Act of 1981 to authorize a program of agricultural export expansion through the use of donated (to U.S. exporters and processors) Commodity Credit Corporation (CCC) stocks.

Amends the Agricultural Act of 1949 to expand overseas donations of CCC stocks by: (1) including non-dairy commodities among such donation; and (2) using CCC stocks under titles I and II of the Agricultural Trade Development and Assistance Act of 1954 (P.L. 480).

Authorizes the use of up to 2,000,000 metric tons of wheat for FY 1983 and FY 1984 from the Food Security Wheat Reserve for such purposes. Requires replenishment of such Reserve by the end of FY 1984.

Title XII: Agricultural Credit - Amends the Consolidated Farm and Rural Development Act to permit family farmers to request economic hardship loan repayment and foreclosure deferrals through FY 1983. Requires a showing of: (1) good management; (2) temporary inability to repay because of circumstances beyond one's control; and (3) reasonable chance of repayment.

Provides for loan consolidation and rescheduling at the end of such deferral period.

Requires the Secretary to provide notification to Farmers Home Administration borrowers regarding such deferral and rescheduling programs.

Prohibits deferred or rescheduled loan interest rates in excess of the original interest rates.

Amends the Emergency Agricultural Credit Adjustment Act of 1978 to extend program authority through FY 1984. Provides that specified authorizations shall be in addition to other guaranteed economic emergency loan authorizations under the Act of December 18, 1982 (P.L. 97-370). Requires (currently only authorizes) the Secretary to make such loans available.

Title XIII: Producer Reserve Program for Wheat and Feed Grains - Amends the Agricultural Act of 1949 to require that the reserve loan be at least five percent greater than the basic loan rate for any commodity.

Requires the Secretary to allow for the entry of a commodity under the reserve program no later than the beginning of its marketing year if a reserve program is in effect for any of the 1983 through 1985 years.