Farm Credit Administration Act of 1985

[AI summary unavailable — showing source text] Farm Credit Administration Act of 1985 - Amends the Farm Credit Act of 1971 to direct the Federal Land Banks to offer 20-year mortgage loans for agricultural or aquacultural land purchases. Sets forth lending limits on fully and non-fully secured loans. Directs the Farm Credit Administration to establish a central reserve for the Farm Credit System (FCS). Sets forth operating provisions. Directs the Comptroller General to: (1) audit FCS for FY 1985 and for each fifth fiscal year thereafter; and (2) report to the Congress.…