A bill to direct the Secretary of Agriculture to make payments to owners of cattle who sell their cattle in order to avoid excessive losses which would force such owners out of the dairy or cattle business.

[AI summary unavailable — showing source text] Directs the Secretary of Agriculture to make payments to farmers and ranchers who operate a beef or dairy production business in an area designated as an emergency area or major disaster area and who are forced to sell their livestock foundation herd in order to avoid excessive financial losses. Stipulates that such payments shall be made at a rate of $0.10 per pound for each head of cattle sold.…