A bill to provide emergency disaster relief for 1986 to agricultural producers suffering drought disaster by utilizing surplus commodities owned by the Commodity Credit Corporation, and for other purposes.

[AI summary unavailable — showing source text] Directs the Secretary of Agriculture to provide emergency disaster relief (commodity certificates redeemable from Commodity Credit Corporation stocks) to agricultural producers who are eligible for disaster or economic emergency assistance due to the 1986 drought . Sets forth assistance limits. Directs the Secretary to: (1) provide in-kind cost-sharing assistance for reforestation and vegetative covering to prevent soil erosion; and (2) permit hay and grazing under acreage limitation programs. Expresses the sense of the Congress, with respect to the 1986 drought, that the President should: (1) declare a drought emergency; (2) direct the Secretary to provide assistance for improving livestock wells; and (3) direct the Federal Emergency Management Agency to reimburse the Secretary for any expenses incurred in providing such assistance. Directs the Secretary to implement the emergency feed program authorized by the Food and Agriculture Act of 1977 within a specified time. Provides for up to 50 percent reimbursement of feed costs. Directs the Secretary for 1986 to make surplus commodities available for livestock and poultry in drought areas at a cost not to exceed 50 percent of local c…