A bill to amend subtitle C of the Consolidated Farm and Rural Development Act to reduce the rate of interest on emergency loans made under such subtitle and to authorize additional funds for the current fiscal year to expedite the processing of emergency loans to farmers and ranchers who suffered losses as a result of the recent blizzard in the midwestern part of the United States.

[AI summary unavailable — showing source text] Reduces the rate of interest on emergency loans to 3 percent made under the Consolidated Farm and Rural Development Act. Authorizes additional funds not exceeding $1,000,000 for the current fiscal year to expedite the processing of emergency loans to farmers and ranchers who suffered losses as result of the January, 1975 blizzard in the midwestern part of the United States.…