Summary: S.2532 — 95th Congress (1977-1978)All Information (Except Text)

There is one summary for S.2532. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (02/10/1978)

Amends the Consolidated Farm and Rural Development Act to direct the Secretary of Agriculture to make economic emergency real estate and operating loans to individuals, corporations, and partnerships directly engaged in agricultural production, provided that: (1) they have experience and resources necessary to assure a reasonable prospect for successful operation with the assistance of such loans; and (2) they are unable, for a temporary period, to obtain sufficient credit from their normal credit sources to finance their actual needs at reasonable rates and terms due to a general tightening of agricultural credit and an unfavorable relationship between production costs and prices received for agricultural commodities.