A bill to make loans available to cattle ranchers for the purpose of refinancing certain existing debt obligations of such ranchers.

[AI summary unavailable — showing source text] Permits the Secretary of Agriculture to make loans to persons in the United States who obtain at least 80 percent of their gross income by carrying out cattle-raising activities, for the purpose of refinancing an indebtedness to a lending institution incurred by such activities. Specifies the terms under which such loans must be made.…