Amends the Agricultural Act of 1949 to repeal the Secretary of Agriculture's authority to reduce 1986 soybean loan rates.
Directs the Secretary to implement either a marketing loan program or a producer option payment program for the 1986 soybean crop.
Directs the Secretary to consult with the producers of other oilseeds regarding the impact of this Act.
Introduced in Senate
Read twice and referred to the Committee on Agriculture.
Referred to Subcommittee on Agricultural Production.
Committee on Agriculture requested executive comment from Agriculture Department.
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