A bill to require the Secretary of Agriculture to make production loans through 1987, and to guarantee production loans made in 1985, to certain eligible producers.
Emergency Agricultural Credit Act of 1985 - Directs the Secretary of Agriculture to guarantee (75 percent of the principal) agricultural production loans made in 1985. Limits such aggregate guaranteed principal to $3,000,000,000.
Amends the Consolidated Farm and Rural Development Act to authorize the Secretary to make production loans through 1987 (at a reduced interest rate).
Introduced in House
Introduced in House
Referred to House Committee on Agriculture.
Referred to Subcommittee on Conservation Credit and Rural Development.
Executive Comment Requested from USDA.
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