Emergency Agricultural Relief Act

[AI summary unavailable — showing source text] Emergency Agricultural Relief Act - Title I: Loan Guarantees to Restock Foundation Herds - Authorizes and directs the Secretary of Agriculture to provide financial assistance to qualified individuals, corporations, or partnerships to restock foundation livestock herds depleted as a result of a natural disaster or emergency. Directs the Secretary to guarantee up to 90 percent of the principal and interest on loans made by a legally organized lending agency for such purpose. Allows recipients of such guaranteed loans to receive reimbursement from the Secretary for one-half of the amount of interest payments made by such borrower during the first two years of the loan repayment period. Specifies the criteria which must be met in order to be eligible for such a guaranteed loan. Specifies that loan guarantees outstanding under this title shall not exceed $500,000,000 at any one time. Authorizes the Secretary to issue regulations to carry out the provisions of this title. Title II: Operational Loan Guarantees After Disaster Loss to Crops - Authorizes and directs the Secretary of Agriculture to provide financial assistance for operational expenses in maintaining a farm to bona fide farmer…