Emergency Agricultural Credit Act of 1983

[AI summary unavailable — showing source text] Emergency Agricultural Credit Act of 1983 - Amends the Consolidated Farm and Rural Development Act to raise the limits on aggregate operating loans to an individual: (1) from $1,000 to $200,000 for non-guaranteed loans; and (2) from $200,000 to $400,000 for guaranteed loans. Extends the maximum payment period from seven to 15 years. Authorizes $1,660,000 for the aggregate amount of insured operating loans for FY 1983. Sets aside a specified portion for new borrowers. Requires that at least 20 percent of FY 1983 farm ownership and operating loans be for limited-resource farmers. Requires the Secretary to notify all farmers about such program. Requires deferred or rescheduled loan interest rates to be at the lower of either original or current rates. States that disaster emergency loan assistance eligibility based on production loss is to be based solely on criteria under such Act, and not on whether a county is designated for emergency loans. Authorizes four and three year extensions for specified categories of borrowers. Permits family farmers to request economic hardship loan repayment and foreclosure deferrals through FY 1984. Requires a showing of: (1) good management; (2) tempo…