A bill to amend the Agricultural Act of 1949 by increasing loan rates for corn and wheat, providing encouragement for greater participation in the farmer-held reserve program for those commodities, and for other purposes.

[AI summary unavailable — showing source text] Amends the Agricultural Act of 1949 to increase loan rates under the price support loan program for the 1980 and 1981 crops of corn and wheat. Permits the Secretary of Agriculture to make price support loans on the 1979 crops of corn and wheat to any producer of corn or wheat who did not comply with the requirements of the 1979 set-aside program for the commodity. Authorizes the sale of Commodity Credit Corporation stocks of corn for use in making alcohol for motor fuel.…