Summary: H.R.1034 — 99th Congress (1985-1986)All Information (Except Text)

There is one summary for H.R.1034. Bill summaries are authored by CRS.

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Introduced in House (02/07/1985)

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).