A bill to amend the Consolidated Farm and Rural Development Act.

[AI summary unavailable — showing source text] Amends the Consolidated Farm and Rural Development Act to authorize the Secretary of Agriculture to make real estate and operating loans available to private domestic corporations and partnerships controlled by farmers and ranchers engaged primarily in farming or ranching who, individually or as to their principal stockholders and partners, are United States citizens. Increases the maximum allowable total principal indebtedness for real estate loans which may be outstanding by any one borrower to $200,000. Revises the maximum interest rate on real estate loans other than guaranteed loans under such Act from five percent to a rate determined by the Secretary of Agriculture, but not less than a rate determined by the Secretary of the Treasury taking into account the current market yield on outstanding marketable obligations of the United States. Removes the $500,000 ceiling from the aggregate principal of loans made using the Agricultural Credit Insurance Fund. Increases the amount of indebtedness which may be outstanding for operating loans under such Act for an individual from $50,000 to $100,000. States that the interest rates on such loans which are guaranteed shall be the rate a…