Agricultural Emergency Assistance Act of 1987

[AI summary unavailable — showing source text] Agricultural Emergency Assistance Act of 1987 - Makes the 1987 wheat crop eligible for disaster assistance under Public Law 99-500 (see Public Law 99-591 for updated version of Public Law 99-500). Directs the Secretary of Agriculture to make production adjustments to reflect any quality reductions caused by adverse 1986 conditions. Requires disaster claims to be filed by May 31, 1987. Amends the Rural Electrification Act of 1936 to increase the amount of permitted principal prepayment on Rural Electrification Administration loans. Permits the transfer of such funds to the Commodity Credit Corporation for disaster payment use.…