A bill to amend section 103(f)(1) of the Agricultural Act of 1949 by deleting the third sentence thereof in order to ensure that interest rates on price support loans for upland cotton are not less favorable to producers than the interest rates for such loans on other commodities.

[AI summary unavailable — showing source text] Amends the Agricultural Act of 1949 to repeal the requirement that interest rates on cotton price support loans be based on the lowest current interest rate on ordinary obligations of the United States, in order to insure that such interest rates are not less favorable to producers than the interest rates for such loans on other commodities.…