A bill to amend the Consolidated Farm and Rural Development Act.

[AI summary unavailable — showing source text] Provides, under the Consolidated Farm and Rural Development Act, that the Secretary of Agriculture, in making or insuring loans for farm purchase, shall give preference to persons who are not owner-operators of a farm or to owner-operators of a farm who do not rely on such farm for their principal source of income. Provides that the Secretary may make or insure any such loan up to $100,000,000 or 90 percent of the value of the farm being purchased whichever is greater. Provides that such loans shall be repayed in 480 monthly installments, beginning on the first day of the first month the loan is made. Authorizes to be appropriated such sums as may be necessary to carry out the provisions of this Act.…