Farm Credit Debt Restructuring Act of 1985

[AI summary unavailable — showing source text] Farm Credit Debt Restructuring Act of 1985 - Amends the Farm Credit Act of 1971 to permit Farm Credit System (FCS) institutions to: (1) renegotiate certain real estate-secured loans; and (2) treat a specified portion of such a loan as a loss over a period of time up to 20 years. Requires the institution to forgive the borrower an amount (not to exceed 50 percent cumulative) equal to the amount treated as a loss. Authorizes the FCS to pay an institution one-half of the imputed interest on the portion of the loan being treated as a loss. Prohibits such renegotiations after December 31, 1990.…