Farm Employment and Enterprise Development Act of 1987

[AI summary unavailable — showing source text] Farm Employment and Enterprise Development Act of 1987 - Title I: Designation of Enterprise Zones - Amends the Internal Revenue Code to provide for the designation of enterprise zones by the Secretary of Agriculture (Secretary) for purposes of providing tax and regulatory relief and improving local services. Specifies that States and local governments shall nominate areas for such designation. Limits to 100 the total number of areas which may be designated as enterprise zones. Limits the period during which: (1) the Secretary has authority to designate such zones; and (2) the designations may remain in effect. Authorizes the Secretary to designate such zones only if: (1) the area is within the jurisdiction of a local government; (2) the boundary of the area is continuous; (3) the area has a population of at least 1,000 or is entirely within an Indian reservation; and (4) the area meets specified unemployment and poverty requirements. Requires nominating local governments, as a condition of the Secretary's designation, to agree in writing to follow a course of action which may include reducing tax rates, improving local services, simplifying or streamlining regulation of business, a…