HR 1184 · 99th Congress · Agriculture and Food

Emergency Agricultural Credit Act of 1985

Introduced 1985-02-20· Sponsored by Rep. Smith, Virginia [R-NE-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to Subcommittee on Conservation Credit and Rural Development.(1985-02-28)

Plain Language Summary

[AI summary unavailable — showing source text] Emergency Agricultural Credit Act of 1985 - Amends the Agricultural Act of 1949 to make advance price support recourse loans available for 1985 for producers participating in the 1985 farm program. Makes up to 50 percent of such crop eligible for advance payments. Permits loan conversion to nonrecourse status upon harvest and availability as loan collateral. Administers such program through the Commodity Credit Corporation and the local farmer committees.…

Summarized by Claude AI · Non-partisan · For informational purposes only