Family Farm Credit Act

[AI summary unavailable — showing source text] Family Farm Credit Act - 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, partnerships, and other business entities engaged primarily and directly in farming or ranching, where: (1) in the case of a partnership each member of the partnership is a member of the family and a United States citizen; and (2) in the case of a corporation or other business entity, each person who owns any share or interest in the business entity is a member of the family and a United States citizen. Increases the maximum allowable total principal indebtedness for real estate loans which may be outstanding to any one borrower from $225,000 to $450,000 of the value of the farm or other security. Increases the maximum amount of any loan from $100,000 to $255,000, or in the case of a guaranteed loan, sets such maximum at $300,000. Authorizes operating loans for the purpose of repairing, improving, or constructing any farm facility or building. Increases the amount of indebtedness which may be outstanding for operating loans under such Act for an individual from $50,000 to $100,00…