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[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 1263 Introduced in Senate (IS)]

103d CONGRESS
  1st Session
                                S. 1263

To provide disaster assistance to agricultural producers, and for other 
                               purposes.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

                July 20 (legislative day, June 30), 1993

Mr. Harkin (for himself and Mr. Conrad) introduced the following bill; 
  which was read twice and referred to the Committee on Agriculture, 
                        Nutrition, and Forestry

_______________________________________________________________________

                                 A BILL

 
To provide disaster assistance to agricultural producers, and for other 
                               purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE; TABLE OF CONTENTS.

    (a) Short Title.--This Act may be cited as the ``Disaster 
Assistance Act of 1993''.
    (b) Table of Contents.--The table of contents of this Act is as 
follows:

Sec. 1. Short title; table of contents.
Sec. 2. Definitions.
                TITLE I--EMERGENCY CROP LOSS ASSISTANCE

                        Subtitle A--Annual Crops

Sec. 101. Payments to program participants for target price 
                            commodities.
Sec. 102. Payments to program nonparticipants for target price 
                            commodities.
Sec. 103. Peanuts, sugar, and tobacco.
Sec. 104. Soybeans and nonprogram crops.
Sec. 105. Crop quality reduction disaster payments.
Sec. 106. Effect of Federal crop insurance payments.
Sec. 107. Crop insurance coverage for the 1994 and 1995 crops.
Sec. 108. Crops harvested for forage uses.
Sec. 109. Payment limitations.
Sec. 110. De minimis yields.
Sec. 111. Substitution of crop insurance program yields.
Sec. 112. Planting oilseeds on prevented planting acreage.
                          Subtitle B--Orchards

Sec. 121. Definition of eligible orchardist.
Sec. 122. Eligibility.
Sec. 123. Assistance.
Sec. 124. Limitation on assistance.
Sec. 125. Duplicative payments.
                        Subtitle C--Forest Crops

Sec. 131. Definition of eligible tree farmer.
Sec. 132. Eligibility.
Sec. 133. Assistance.
Sec. 134. Limitation on assistance.
Sec. 135. Duplicative payments.
                 Subtitle D--Administrative Provisions

Sec. 141. Ineligibility.
Sec. 142. Timing and manner of assistance.
Sec. 143. Commodity Credit Corporation.
Sec. 144. Regulations.
Sec. 145. Application of subtitle.
                       TITLE II--RURAL BUSINESSES

Sec. 201. Disaster assistance for rural business enterprises.
               TITLE III--DISASTER CREDIT AND FORBEARANCE

Sec. 301. Emergency loans.
Sec. 302. Farm operating loans.

SEC. 2. DEFINITIONS.

    As used in this Act:
            (1) Damaging weather.--The term ``damaging weather'' 
        includes drought, hail, excessive moisture, freeze, tornado, 
        hurricane, earthquake, or excessive wind, or any combination 
        thereof.
            (2) Related condition.--The term ``related condition'' 
        includes insect infestations that do not regularly reoccur, 
        plant diseases, or other deterioration of a crop of a 
        commodity, including aflatoxin, that is accelerated or 
        exacerbated naturally as a result of damaging weather occurring 
        prior to or during harvest.
            (3) Secretary.--The term ``Secretary'' means the Secretary 
        of Agriculture.

                TITLE I--EMERGENCY CROP LOSS ASSISTANCE

                        Subtitle A--Annual Crops

SEC. 101. PAYMENTS TO PROGRAM PARTICIPANTS FOR TARGET PRICE 
              COMMODITIES.

    (a) Disaster Payments.--
            (1) In general.--Effective only for producers on a farm who 
        elected to participate in the production adjustment program 
        established under the Agricultural Act of 1949 (7 U.S.C. 1421 
        et seq.) for the 1993 crop of wheat, feed grains, upland 
        cotton, extra long staple cotton, or rice, except as otherwise 
        provided in this subsection, if the Secretary determines that, 
        because of damaging weather or related condition in 1992 or 
        1993, the total quantity of the 1993 crop of the commodity that 
        the producers are able to harvest on the farm is less than the 
        result of multiplying 60 percent (or, in the case of producers 
        who obtained crop insurance for the 1993 crop of the commodity 
        under the Federal Crop Insurance Act (7 U.S.C. 1501 et seq.), 
        65 percent) of the farm program payment yield established by 
        the Secretary for the crop by the sum of the acreage planted 
        for harvest and the acreage prevented from being planted 
        (because of a natural disaster, as determined by the Secretary) 
        for the crop, the Secretary shall make a disaster payment 
        available to the producers at a rate equal to--
                    (A) 65 percent of the established price for the 
                crop for any deficiency in production greater than--
                            (i) 40 percent, but not greater than 80 
                        percent, for the crop; or
                            (ii) in the case of producers who obtained 
                        crop insurance for the 1993 crop of the 
                        commodity under the Federal Crop Insurance Act, 
                        35 percent, but not greater than 75 percent, 
                        for the crop; and
                    (B) 90 percent of the established price for the 
                crop for any deficiency in production greater than--
                            (i) 80 percent for the crop; or
                            (ii) in the case of producers who obtained 
                        crop insurance for the 1993 crop of the 
                        commodity under such Act, 75 percent for the 
                        crop.
            (2) Limitations.--
                    (A) Acreage in excess of permitted acreage.--
                Payments provided under paragraph (1) for a crop of a 
                commodity may not be made available to producers on a 
                farm with respect to any acreage in excess of the 
                permitted acreage for the farm for the commodity.
                    (B) Crop insurance.--Payments provided under 
                paragraph (1) for a crop of a commodity may not be made 
                available to producers on a farm unless the producers 
                enter into an agreement to obtain multiperil crop 
                insurance, to the extent required under section 107.
            (3) Reduction in deficiency payments.--The total quantity 
        of a crop of a commodity on which deficiency payments otherwise 
        would be payable to producers on a farm under the Agricultural 
        Act of 1949 shall be reduced by the quantity on which a payment 
        is made to the producers for the crop under paragraph (1).
            (4) Election of payments.--
                    (A) Application of paragraph.--This paragraph shall 
                apply, effective only for the 1993 crops of wheat, feed 
                grains, upland cotton, extra long staple cotton, and 
                rice, to producers on a farm who--
                            (i) had failed wheat, feed grain, upland 
                        cotton, extra long staple cotton, or rice 
                        acreage; or
                            (ii) were prevented from planting acreage 
                        to the commodity because of damaging weather or 
                        related condition in 1992 or 1993.
                    (B) Election.--The Secretary shall (not later than 
                30 days after the date of enactment of this Act) permit 
                producers referred to in subparagraph (A) to elect 
                whether to receive disaster payments in accordance with 
                this section in lieu of payments received under the 
                Agricultural Act of 1949.
    (b) Advance Deficiency Payments.--
            (1) Application of subsection.--This subsection shall apply 
        only to producers on a farm who elected to participate in the 
        production adjustment program established under the 
        Agricultural Act of 1949 for the 1993 crop of wheat, feed 
        grains, upland cotton, extra long staple cotton, or rice.
            (2) Forgiveness of refund requirement.--
                    (A) In general.--Subject to subparagraph (B), if 
                because of damaging weather or related condition in 
                1992 or 1993 the total quantity of the 1993 crop of the 
                commodity that the producers are able to harvest on the 
                farm is less than the result of multiplying the farm 
                program payment yield established by the Secretary for 
                the crop by the sum of the acreage planted for harvest 
                and the acreage prevented from being planted (because 
                of a natural disaster, as determined by the Secretary) 
                for the crop (referred to in this subsection as the 
                ``qualifying quantity''), the producers shall not be 
                required to refund any advance deficiency payment made 
                to the producers for the crop under section 107C of the 
                Agricultural Act of 1949 (7 U.S.C. 1445b-2) with 
                respect to that portion of the deficiency in production 
                that does not exceed--
                            (i) in the case of producers who obtained 
                        crop insurance for the 1993 crop of the 
                        commodity under the Federal Crop Insurance Act, 
                        35 percent of the qualifying quantity; and
                            (ii) in the case of other producers, 40 
                        percent of the qualifying quantity.
                    (B) Crop insurance.--Producers on a farm shall not 
                be eligible for the forgiveness provided for under 
                subparagraph (A), unless the producers enter into an 
                agreement to obtain multiperil crop insurance, to the 
                extent required under section 107.
            (3) Election for nonrecipients.--The Secretary shall allow 
        producers on a farm who elected, prior to the date of enactment 
        of this Act, not to receive advance deficiency payments made 
        available for the 1993 crop under section 107C of the 
        Agricultural Act of 1949, to elect (not later than 30 days 
        after the date of enactment of this Act) whether to receive the 
        advance deficiency payments.
            (4) Date of refund for payments.--Effective only for the 
        1993 crops of wheat, feed grains, upland cotton, and rice, if 
        the Secretary determines that any portion of the advance 
        deficiency payment made to producers for the crop under section 
        107C of the Agricultural Act of 1949 must be refunded, the 
        refund shall not be required prior to July 31, 1994, for that 
        portion of the crop for which a disaster payment is made under 
        subsection (a).

SEC. 102. PAYMENTS TO PROGRAM NONPARTICIPANTS FOR TARGET PRICE 
              COMMODITIES.

    (a) Disaster Payments.--
            (1) In general.--Effective only for producers on a farm who 
        elected not to participate in the production adjustment program 
        established under the Agricultural Act of 1949 (7 U.S.C. 1421 
        et seq.) for the 1993 crop of wheat, feed grains, upland 
        cotton, extra long staple cotton, or rice, if the Secretary 
        determines that because of damaging weather or related 
        condition in 1992 or 1993, the total quantity of the 1993 crop 
        of the commodity that the producers are able to harvest on the 
        farm is less than the result of multiplying 60 percent (or in 
        the case of producers who obtained crop insurance for the 1993 
        crop of the commodity under the Federal Crop Insurance Act (7 
        U.S.C. 1501 et seq.), 65 percent) of the county average yield 
        established by the Secretary for the crop by the sum of acreage 
        planted for harvest and the acreage for which prevented planted 
        credit is approved by the Secretary for the crop under 
        subsection (b), the Secretary shall make a disaster payment 
        available to the producers.
            (2) Payment rate.--The payment shall be made to the 
        producers at a rate equal to--
                    (A) 65 percent of the basic county loan rate (or a 
                comparable price if there is no current basic county 
                loan rate) for the crop, as determined by the 
                Secretary, for any deficiency in production greater 
                than--
                            (i) 40 percent, but not greater than 80 
                        percent, for the crop; or
                            (ii) in the case of producers who obtained 
                        crop insurance for the 1993 crop of the 
                        commodity under the Federal Crop Insurance Act, 
                        35 percent, but not greater than 75 percent, 
                        for the crop; and
                    (B) 90 percent of the basic county loan rate (or a 
                comparable price if there is no current basic county 
                loan rate) for the crop, as determined by the 
                Secretary, for any deficiency in production greater 
                than--
                            (i) 80 percent for the crop; or
                            (ii) in the case of producers who obtained 
                        crop insurance for the 1993 crop of the 
                        commodity under such Act, 75 percent for the 
                        crop.
    (b) Prevented Planting Credit.--
            (1) In general.--Subject to paragraph (2), the Secretary 
        shall provide prevented planting credit under subsection (a) 
        with respect to acreage that producers on a farm were prevented 
        from planting to the 1993 crop of the commodity for harvest 
        because of damaging weather or related condition in 1992 or 
        1993, as determined by the Secretary.
            (2) Maximum acreage.--The acreage may not exceed the 
        greater of--
                    (A) a quantity equal to the acreage on the farm 
                planted (or prevented from being planted because of a 
                natural disaster or other condition beyond the control 
                of the producers) to the commodity for harvest in 1992 
                minus acreage actually planted to the commodity for 
                harvest in 1993; or
                    (B) a quantity equal to the average of the acreage 
                on the farm planted (or prevented from being planted 
                because of a natural disaster or other condition beyond 
                the control of the producers) to the commodity for 
                harvest in 1990, 1991, and 1992 minus acreage actually 
                planted to the commodity for harvest in 1993.
            (3) Adjustments.--The Secretary shall make appropriate 
        adjustments in applying the limitations contained in paragraph 
        (2) to take into account crop rotation practices of the 
        producers.
    (c) Limitations.--
            (1) Acreage limitation program.--The amount of payments 
        made available to producers on a farm for a crop of a commodity 
        under subsection (a) shall be reduced by a factor equivalent to 
        the acreage limitation program percentage established for the 
        crop under the Agricultural Act of 1949.
            (2) Crop insurance.--Payments provided under subsection (a) 
        for a crop of a commodity may not be made available to the 
        producers on a farm unless the producers enter into an 
        agreement to obtain multiperil crop insurance, to the extent 
        required under section 107.

SEC. 103. PEANUTS, SUGAR, AND TOBACCO.

    (a) Disaster Payments.--
            (1) In general.--Effective only for the 1993 crops of 
        peanuts, sugar beets, sugarcane, and tobacco, if the Secretary 
        determines that, because of damaging weather or related 
        condition in 1992 or 1993, the total quantity of the 1993 crop 
        of the commodity that the producers on a farm are able to 
        harvest is less than the result of multiplying 60 percent (or, 
        in the case of producers who obtained crop insurance for the 
        1993 crop of the commodity under the Federal Crop Insurance Act 
        (7 U.S.C. 1501 et seq.), 65 percent) of the county average 
        yield (or program yield, in the case of peanuts) established by 
        the Secretary for the crop by the sum of the acreage planted 
        for harvest and the acreage for which prevented planted credit 
        is approved by the Secretary for the crop under subsection (b), 
        the Secretary shall make a disaster payment available to the 
        producers.
            (2) Payment rate.--The payment shall be made to the 
        producers at a rate equal to--
                    (i) 65 percent of the applicable payment level 
                under paragraph (3), as determined by the Secretary--
                            (I) for any deficiency in production 
                        greater than 40 percent (or, in the case of 
                        producers who purchased crop insurance for the 
                        1993 crop of the commodity under the Federal 
                        Crop Insurance Act, 35 percent), but not 
                        greater than 80 percent (or, in the case of 
                        producers who purchased crop insurance for the 
                        1993 crop of the commodity under such Act, 75 
                        percent), for the crop; or
                            (II) in the case of a crop of burley 
                        tobacco or flue-cured tobacco, for any 
                        deficiency in production greater than 40 
                        percent (or, in the case of producers who 
                        purchased crop insurance for the 1993 crop of 
                        the commodity under such Act, 35 percent), but 
                        not greater than 80 percent (or, in the case of 
                        producers who purchased crop insurance for the 
                        1993 crop of the commodity under such Act, 75 
                        percent), of the effective marketing quota for 
                        1993 of the farm; and
                    (ii) 90 percent of the applicable payment level 
                under paragraph (3), as determined by the Secretary--
                            (I) for any deficiency in production 
                        greater than 80 percent (or, in the case of 
                        producers who purchased crop insurance for the 
                        1993 crop of the commodity under such Act, 75 
                        percent) for the crop; or
                            (II) in the case of burley tobacco or flue-
                        cured tobacco, for any deficiency in production 
                        greater than 80 percent (or, in the case of 
                        producers who purchased crop insurance for the 
                        1993 crop of the commodity under such Act, 75 
                        percent) of the effective marketing quota of 
                        the farm for 1993.
            (3) Payment level.--For purposes of paragraph (1), the 
        payment level for a commodity shall be equal to--
                    (A) for peanuts, the price support level for quota 
                peanuts or the price support level for additional 
                peanuts, as applicable;
                    (B) for tobacco, the national average loan rate for 
                the type of tobacco involved, or (if there is no rate) 
                the payment level, as determined under section 
                104(a)(2); and
                    (C) for sugar beets and sugarcane, a level 
                determined by the Secretary to be fair and reasonable 
                in relation to the level of price support established 
                for the 1993 crops of sugar beets and sugarcane, and 
                that, insofar as is practicable, shall reflect no less 
                return to the producer than under the 1993 price 
                support levels.
    (b) Prevented Planting Credit.--
            (1) In general.--Subject to paragraph (2), the Secretary 
        shall provide prevented planting credit under subsection (a) 
        with respect to acreage that producers on a farm were prevented 
        from planting to the 1993 crop of the commodity for harvest 
        because of damaging weather or related condition in 1992 or 
        1993, as determined by the Secretary.
            (2) Maximum acreage.--The acreage may not exceed the 
        greater of--
                    (A) a quantity equal to the acreage on the farm 
                planted (or prevented from being planted because of a 
                natural disaster or other condition beyond the control 
                of the producers) to the commodity for harvest in 1992 
                minus acreage actually to the commodity planted for 
                harvest in 1993; or
                    (B) a quantity equal to the average of the acreage 
                on the farm planted (or prevented from being planted 
                because of a natural disaster or other condition beyond 
                the control of the producers) to the commodity for 
                harvest in 1990, 1991, and 1992 minus acreage actually 
                planted to the commodity for harvest in 1993.
            (3) Adjustments.--The Secretary shall make appropriate 
        adjustments in applying the limitations contained in paragraph 
        (2) to take into account crop rotation practices of the 
        producers and any change in quotas for the 1993 crop of 
        tobacco.
    (c) Limitation.--Payments provided under subsection (a) for a crop 
of a commodity may not be made available to the producers on a farm 
unless the producers enter into an agreement to obtain multiperil crop 
insurance, to the extent required under section 107.
    (d) Special Rules for Peanuts.--Notwithstanding any other provision 
of law--
            (1) a deficiency in production of quota peanuts from a 
        farm, as otherwise determined under this section, shall be 
        reduced by the quantity of peanut poundage quota that was the 
        basis of the anticipated production that has been transferred 
        from the farm;
            (2) payments made under this section shall be made taking 
        into account whether the deficiency for which the deficiency in 
        production is claimed was a deficiency in production of quota 
        or additional peanuts and the payment rate shall be established 
        accordingly; and
            (3) the quantity of undermarketings of quota peanuts from a 
        farm for the 1993 crop that may otherwise be claimed under 
        section 358 of the Agricultural Adjustment Act of 1938 (7 
        U.S.C. 1358) for purposes of future quota increases shall be 
        reduced by the quantity of the deficiency of production of the 
        peanuts for which payment has been received under this section.
    (e) Special Rules for Tobacco.--Notwithstanding any other provision 
of law--
            (1) the quantity of undermarketings of quota tobacco from a 
        farm for the 1993 crop that may otherwise be claimed under 
        section 317 or 319 of the Agricultural Adjustment Act of 1938 
        (7 U.S.C. 1314c or 1314e) for purposes of future quota 
        increases shall be reduced by the quantity of the deficiency of 
        production of the tobacco for which payment has been received 
        under this section; and
            (2) disaster payments made to producers under this section 
        may not be considered by the Secretary in determining the net 
        losses of the Commodity Credit Corporation under section 
        106A(d) of the Agricultural Act of 1949 (7 U.S.C. 1445-1(d)).
    (f) Special Rule for Sugarcane.--For purposes of determining the 
total quantity of the 1993 crop of sugarcane that the producers on a 
farm are able to harvest, the Secretary shall make the determination 
based on the quantity of recoverable sugar.

SEC. 104. SOYBEANS AND NONPROGRAM CROPS.

    (a) Disaster Payments.--
            (1) In general.--
                    (A) Eligibility.--Effective only for the 1993 crops 
                of soybeans and nonprogram crops, if the Secretary 
                determines that, because of damaging weather or related 
                condition in 1992 or 1993, the total quantity of the 
                1993 crop of the commodity that the producers on a farm 
                are able to harvest is less than--
                            (i) with respect to soybeans and 
                        sunflowers, the result of multiplying 60 
                        percent (or in the case of producers who 
                        obtained crop insurance, if available, for the 
                        1993 crop year of the commodity under the 
                        Federal Crop Insurance Act (7 U.S.C. 1501 et 
                        seq.), 65 percent) of the State, area, or 
                        county yield, adjusted for adverse weather 
                        conditions during the 1990, 1991, and 1992 crop 
                        years, as determined by the Secretary, for the 
                        crop by the sum of the acreage planted for 
                        harvest and the acreage for which prevented 
                        planting credit is approved by the Secretary 
                        for the crop under subsection (b);
                            (ii) with respect to nonprogram crops 
                        (other than as provided in clauses (i) and 
                        (iii)), the result of multiplying 60 percent 
                        (or, in the case of producers who obtained crop 
                        insurance, if available, for the 1993 crop year 
                        of the commodity under the Federal Crop 
                        Insurance Act, 65 percent) of the yield 
                        established by the Commodity Credit Corporation 
                        under subsection (d)(2) for the crop by the sum 
                        of the acreage planted for harvest and the 
                        acreage for which prevented planting credit is 
                        approved by the Secretary for the crop under 
                        subsection (b); and
                            (iii) with respect to crops covered in 
                        section 201(b) of the Agricultural Act of 1949 
                        (7 U.S.C. 1446(b)), 60 percent (or in the case 
                        of producers who obtained crop insurance, if 
                        available, for the 1993 crop year of the 
                        commodity under such Act, 65 percent) of the 
                        historical annual yield of the producers for 
                        the crops, as determined by the Secretary,
                the Secretary shall make a disaster payment available 
                to the producers.
                    (B) Payment rate.--The payment shall be made to the 
                producers at a rate equal to--
                            (i) 65 percent of the applicable payment 
                        level under paragraph (2), as determined by the 
                        Secretary, for any deficiency in production for 
                        soybeans, sunflowers, and for other nonprogram 
                        crops greater than--
                                    (I) 40 percent, but not greater 
                                than 80 percent; or
                                    (II) in the case of producers who 
                                obtained crop insurance, if available, 
                                for the 1993 crop under the Federal 
                                Crop Insurance Act, 35 percent, but not 
                                greater than 75 percent; and
                            (ii) 90 percent of the applicable payment 
                        level under paragraph (2), as determined by the 
                        Secretary, for any deficiency in production for 
                        soybeans, sunflowers, and for other nonprogram 
                        crops greater than--
                                    (I) 80 percent; or
                                    (II) in the case of producers who 
                                obtained crop insurance, if available, 
                                for the 1993 crop under such Act, 75 
                                percent.
            (2) Payment level.--For purposes of paragraph (1), the 
        payment level for a commodity shall equal the simple average 
        price received by producers of the commodity, as determined by 
        the Secretary subject to paragraph (3), during the marketing 
        years for the immediately preceding 5 crops of the commodity, 
        excluding the year in which the average price was the highest 
        and the year in which the average price was the lowest in the 
        period.
            (3) Calculation of payments for different varieties.--
                    (A) Crop-by-crop basis.--The Secretary shall make 
                disaster payments under this subsection on a crop-by-
                crop basis, with consideration given to markets and 
                uses of the crops, under regulations issued by the 
                Secretary.
                    (B) Different varieties.--For purposes of 
                determining the payment levels on a crop-by-crop basis, 
                the Secretary shall consider as separate crops, and 
                develop separate payment levels insofar as is 
                practicable for, different varieties of the same 
                commodity, and commodities for which there is a 
                significant difference in the economic value in the 
                market.
                    (C) Double cropping.--
                            (i) Treated separately.--In the case of a 
                        crop that is historically double cropped 
                        (including two crops of the same commodity) by 
                        the producers on a farm, the Secretary shall 
                        treat each cropping separately for purposes of 
                        determining whether the crop was affected by 
                        damaging weather or related condition and the 
                        total quantity of the crop that the producers 
                        are able to harvest.
                            (ii) Application of paragraph.--This 
                        paragraph shall not apply in the case of a 
                        replacement crop.
            (4) Exclusions from harvested quantities.--For purposes of 
        determining the total quantity of the 1993 nonprogram crop of 
        the commodity that the producers on a farm are able to harvest 
        under paragraph (1), the Secretary shall exclude--
                    (A) commodities that cannot be sold in normal 
                commercial channels of trade; and
                    (B) dockage, including husks and shells, if the 
                dockage is excluded in determining yields under 
                subsection (d)(2).
    (b) Prevented Planting Credit.--
            (1) In general.--The Secretary shall provide prevented 
        planting credit under subsection (a) with respect to acreage 
        that producers on a farm were prevented from planting to the 
        1993 crop of the commodity for harvest because of damaging 
        weather or related condition in 1992 or 1993, as determined by 
        the Secretary.
            (2) Maximum acreage.--The acreage may not exceed the 
        greater of--
                    (A) a quantity equal to the acreage on the farm 
                planted (or prevented from being planted because of a 
                natural disaster or other condition beyond the control 
                of the producers) to the commodity for harvest in 1992 
                minus acreage actually planted to the commodity for 
                harvest in 1993; or
                    (B) a quantity equal to the average of the acreage 
                on the farm planted (or prevented from being planted 
                because of a natural disaster or other condition beyond 
                the control of the producers) to the commodity for 
                harvest in 1990, 1991, and 1992 minus acreage actually 
                planted to the commodity for harvest in 1993.
            (3) Adjustments.--The Secretary shall make appropriate 
        adjustments in applying the limitations contained in paragraph 
        (2) to take into account crop rotation practices of the 
        producers.
    (c) Limitation.--Payments provided under subsection (a) for a crop 
of a commodity may not be made available to the producers on a farm 
unless the producers enter into an agreement to obtain multiperil crop 
insurance, to the extent required under section 107.
    (d) Special Rules for Nonprogram Crops.--
            (1) Definition of nonprogram crop.--As used in this 
        section, the term ``nonprogram crop'' means all crops for which 
        crop insurance through the Federal Crop Insurance Corporation 
        was available for crop year 1993, and other commercial crops 
        (including ornamentals which shall include flowering shrubs, 
        flowering trees, and field or container grown roses or turf and 
        sweet potatoes for which the insurance was not available for 
        crop year 1993), except that the term shall not include a crop 
        covered under section 101, 102, or 103, soybeans, or 
        sunflowers.
            (2) Farm yields.--
                    (A) Establishment.--The Commodity Credit 
                Corporation shall establish disaster program farm 
                yields for nonprogram crops to carry out this section.
                    (B) Proven yields available.--If the producers on a 
                farm can provide satisfactory evidence to the Commodity 
                Credit Corporation of actual crop yields on the farm 
                for at least 1 of the immediately preceding 3 crop 
                years, the yield for the farm shall be based on the 
                proven yield.
                    (C) Proven yields not available.--If the data do 
                not exist for any of the 3 preceding crop years, the 
                Commodity Credit Corporation shall establish a yield 
                for the farm by using a county average yield for the 
                commodity, or by using other data available to the 
                Corporation.
                    (D) County average yields.--In establishing county 
                average yields for nonprogram crops, the Commodity 
                Credit Corporation shall use the best available 
                information concerning yields. The information may 
                include extension service records, credible 
                nongovernmental studies, and yields in similar 
                counties.
            (3) Responsibility of producers.--It shall be the 
        responsibility of the producers of nonprogram crops to provide 
        satisfactory evidence of 1993 crop losses resulting from 
        damaging weather or related condition in 1992 or 1993 in order 
        for the producers to obtain disaster payments under this 
        section.

SEC. 105. CROP QUALITY REDUCTION DISASTER PAYMENTS.

    (a) In General.--To ensure that all producers of 1993 crops covered 
under sections 101 through 104 are treated equitably, the Secretary 
shall make additional disaster payments to producers of the crops who 
suffer losses resulting from the reduced quality of the crops caused by 
damaging weather or related condition in 1992 or 1993, as determined by 
the Secretary.
    (b) Eligible Producers.--Producers on a farm of a crop described in 
subsection (a) shall be eligible to receive reduced quality disaster 
payments only if the producers incur a deficiency in production of--
            (1) not less than--
                    (A) 40 percent; or
                    (B) in the case of producers who obtained crop 
                insurance for the crop under the Federal Crop Insurance 
                Act (7 U.S.C. 1501 et seq.), 35 percent; and
            (2) not more than 75 percent for the crop (as determined 
        under section 101, 102, 103, or 104, as appropriate).
    (c) Maximum Payment Rate.--The Secretary shall establish the 
reduced quality disaster payment rate, except that the rate shall not 
exceed 10 percent, as determined by the Secretary, of--
            (1) the established price for the crop, for commodities 
        covered under section 101;
            (2) the basic county loan rate for the crop (or a 
        comparable price if there is no current basic county loan 
        rate), for commodities covered under section 102;
            (3) the payment level under section 103(a)(3), for 
        commodities covered by section 103; and
            (4) the payment level under section 104(a)(2), for 
        commodities covered under section 104.
    (d) Determination of Payment.--The amount of payment to a producer 
under this section shall be determined by multiplying the payment rate 
established under subsection (c) by the portion of the actual harvested 
crop on the farm of the producer that is reduced in quality by the 
natural disaster in 1992 or 1993, as determined by the Secretary.

SEC. 106. EFFECT OF FEDERAL CROP INSURANCE PAYMENTS.

    In the case of producers on a farm who obtained crop insurance for 
the 1993 crop of a commodity under the Federal Crop Insurance Act (7 
U.S.C. 1501 et seq.), the Secretary shall reduce the amount of payments 
made available under this subtitle for the crop to the extent that the 
amount determined by adding the net amount of crop insurance indemnity 
payment (gross indemnity less premium paid) received by the producers 
for the deficiency in the production of the crop and the disaster 
payment determined in accordance with this subtitle for the crop 
exceeds the amount determined by multiplying--
            (1) 100 percent of the greater of--
                    (A) the yield used for the calculation of disaster 
                payments made under this subtitle for the crop; or
                    (B) the crop insurance yield for the crop; by
            (2) the sum of the acreage of the crop planted to harvest 
        and the acreage for which prevented planting credit is approved 
        by the Secretary (or, in the case of disaster payments under 
        section 101, the eligible acreage established under sections 
        101(a)(1) and 101(a)(2)(A)); by
            (3)(A) in the case of producers who participated in a 
        production adjustment program for the 1993 crop of wheat, feed 
        grains, upland cotton, extra long staple cotton, or rice, the 
        established price for the 1993 crop of the commodity;
            (B) in the case of producers who did not participate in a 
        production adjustment program for the 1993 crop of wheat, feed 
        grains, upland cotton, extra long staple cotton, or rice, the 
        basic county loan rate (or a comparable price, as determined by 
        the Secretary, if there is no current basic county loan rate) 
        for the 1993 crop of the commodity;
            (C) in the case of producers of sugar beets, sugarcane, 
        peanuts, or tobacco, the payment level for the commodity 
        established under section 103(a)(3); and
            (D) in the case of producers of soybeans or a nonprogram 
        crop (as defined in section 104(d)(1)), the simple average 
        price received by producers of the commodity, as determined by 
        the Secretary, during the marketing years for the immediately 
        preceding 5 crops of the commodity, excluding the year in which 
        the average price was the highest and the year in which the 
        average price was the lowest in the period.

SEC. 107. CROP INSURANCE COVERAGE FOR THE 1994 AND 1995 CROPS.

    (a) Requirement.--Subject to the limitations under subsection (b), 
producers on a farm, to be eligible to receive a disaster payment under 
this subtitle, an emergency loan under subtitle C of the Consolidated 
Farm and Rural Development Act (7 U.S.C. 1961 et seq.) for crop losses 
due to damaging weather or related condition in 1992 or 1993, or 
forgiveness of the repayment of advance deficiency payments under 
section 101(b), shall agree to obtain multiperil crop insurance under 
the Federal Crop Insurance Act (7 U.S.C. 1501 et seq.) for each of the 
1994 and 1995 crops of the commodity for which the payment, loan, or 
forgiveness is sought.
    (b) Limitations.--Producers on a farm shall not be required to 
agree to obtain crop insurance under subsection (a) for a commodity--
            (1) where, or if, crop insurance coverage is not available 
        to the producers for the commodity for which the payment, loan, 
        or forgiveness is sought;
            (2) if the annual premium rate of the producers for the 
        crop insurance is an amount greater than 125 percent of the 
        average premium rate for insurance on the commodity for the 
        1993 crop in the county in which the producers are located;
            (3) in any case in which the annual premium of the 
        producers for the crop insurance is an amount greater than 25 
        percent of the amount of the payment, loan, or forgiveness 
        sought;
            (4) if the producers can establish by appeal to the county 
        committee established under section 8(b) of the Soil 
        Conservation and Domestic Allotment Act (16 U.S.C. 590(b)), or 
        to the county committee established under section 332 of the 
        Consolidated Farm and Rural Development Act (7 U.S.C. 1982), as 
        appropriate, that the purchase of crop insurance would impose 
        an undue financial hardship on the producers and that a waiver 
        of the requirement to obtain crop insurance should, in the 
        discretion of the county committee, be granted; or
            (5) if the disaster payment or forgiveness of repayment of 
        advance deficiency payments arises from conditions that prevent 
        planting, except that this paragraph shall not apply if the 
        Federal Crop Insurance Corporation offers a policy providing 
        the same coverage in terms of yields and prices for the risk of 
        prevented planting as the Corporation does for other perils 
        covered in the Corporation policy.
    (c) Implementation.--
            (1) County committees.--The Secretary shall ensure (acting 
        through the county committees established under section 8(b) of 
        the Soil Conservation and Domestic Allotment Act and located in 
        the counties in which the assistance programs provided for 
        under sections 101 through 105 are carried out and through the 
        county committees established under section 332 of the 
        Consolidated Farm and Rural Development Act in counties in 
        which emergency loans, as described in subsection (a), are made 
        available) that producers who apply for assistance, as 
        described in subsection (a), obtain multiperil crop insurance 
        as required under this section.
            (2) Other sources.--Each producer who is subject to the 
        requirements of this section may comply with the requirements 
        by providing evidence of multiperil crop insurance coverage 
        from sources other than through the county committee office, as 
        approved by the Secretary.
            (3) Commissions.--The Secretary shall provide by regulation 
        for a reduction in the commissions paid to private insurance 
        agents, brokers, or companies on crop insurance contracts 
        entered into under this section sufficient to reflect that the 
        insurance contracts principally involve only a servicing 
        function to be performed by the agent, broker, or company.
    (d) Repayment of Benefits.--Notwithstanding any other provision of 
law, if (prior to the end of the 1994 crop year for the commodity 
involved) the crop insurance coverage required of the producer under 
this section is canceled by the producer, the producer--
            (1) shall make immediate repayment to the Secretary of any 
        disaster payment or forgiven advance deficiency payment that 
        the producer otherwise is required to repay; and
            (2) shall become immediately liable for full repayment of 
        all principal and interest outstanding on any emergency loan 
        described in subsection (a).

SEC. 108. CROPS HARVESTED FOR FORAGE USES.

    Not later than 15 days after the date of enactment of this Act, the 
Secretary shall announce the terms and conditions by which producers on 
a farm may establish a 1993 yield with respect to crops that will be 
harvested for silage and other forage uses.

SEC. 109. PAYMENT LIMITATIONS.

    (a) Limitation.--Subject to subsections (b) and (c), the total 
amount of payments that a person shall be entitled to receive under one 
or more of the programs established under this subtitle may not exceed 
$100,000.
    (b) No Double Benefits.--No person may receive disaster payments 
under this subtitle to the extent that the person receives a livestock 
emergency benefit for lost feed production in 1993 under section 606 of 
the Agricultural Act of 1949 (7 U.S.C. 1471d).
    (c) Combined Limitation.--
            (1) In general.--No person may receive any payment under 
        this subtitle or benefit under title VI of the Agricultural Act 
        of 1949 (7 U.S.C. 1471 et seq.) for livestock emergency losses 
        suffered in 1993 if the payment or benefit will cause the 
        combined total amount of the payments and benefits received by 
        the person to exceed $100,000.
            (2) Election.--If a person is subject to paragraph (1), the 
        person may elect (subject to the benefits limitations under 
        section 609 of the Agricultural Act of 1949 (7 U.S.C. 1471g)) 
        whether to receive the $100,000 in the payments, or the 
        livestock emergency benefits (not to exceed $50,000), or a 
        combination of payments and benefits specified by the person.
    (d) Regulations.--The Secretary shall issue regulations--
            (1) defining the term ``person'' for the purposes of this 
        section and section 141, which shall conform, to the extent 
        practicable, to the regulations defining the term ``person'' 
        issued under section 1001 of the Food Security Act of 1985 (7 
        U.S.C. 1308) and chapter 3 of subtitle B of title XXII of the 
        Food, Agriculture, Conservation, and Trade Act of 1990 (7 
        U.S.C. 1421 note); and
            (2) prescribing such rules as the Secretary determines 
        necessary to ensure a fair and reasonable application of the 
        limitations established under this section.

SEC. 110. DE MINIMIS YIELDS.

    (a) Disaster Payments.--
            (1) In general.--The Secretary shall determine a de minimis 
        yield for each crop eligible for reduced yield disaster 
        payments under this subtitle.
            (2) Level.--The de minimis yield shall be set at a level 
        that will minimize any incentive provided by the prospect of 
        disaster payments to abandon crops that have a value that 
        exceeds the cost of harvesting. The de minimis yield may not be 
        less than the quantity of production that, when valued at then 
        current market prices, equals the average cost of harvesting 
        the crop, as determined by the Secretary.
            (3) Actual yield less than de minimis yield.--A producer 
        with an actual yield for a crop that is equal to or less than 
        the de minimis yield for the crop shall be considered as having 
        an actual yield of zero for the purpose of calculating any 
        reduced yield disaster payments for the crop under this 
        subtitle.
    (b) Crop Insurance.--If the actual yield for a crop on a farm is 
equal to or less than the de minimis yield for the crop determined by 
the Secretary pursuant to subsection (a), neither the Federal Crop 
Insurance Corporation (including an agent or employee of the 
Corporation), nor a company reinsured by the Federal Crop Insurance 
Corporation (including an agent or employee of the company), may 
require the destruction of a portion of the crop as a condition for 
making a full crop loss indemnity payment to a producer under the terms 
of a valid contract of insurance on the crop.

SEC. 111. SUBSTITUTION OF CROP INSURANCE PROGRAM YIELDS.

    (a) In General.--Notwithstanding any other provision of this 
subtitle, the Secretary may permit each eligible producer (as defined 
in subsection (d)) of a 1993 crop of a commodity who has obtained 
multiperil crop insurance for the crop (or, as provided in subsection 
(c), who obtained multiperil crop insurance for the 1992 crop of the 
producer of the commodity) under the Federal Crop Insurance Act (7 
U.S.C. 1501 et seq.) to substitute, at the discretion of the producer, 
the crop insurance yield for the crop, as established under such Act, 
for the farm yield otherwise assigned to the producer under this 
subtitle, for the purposes of determining the eligibility of the 
producer for a disaster payment on the 1993 crop under this subtitle 
and the amount of the payment.
    (b) Adjustment of Advance Deficiency Payments.--
            (1) In general.--Notwithstanding any other provision of 
        this subtitle, if an eligible producer of wheat, feed grains, 
        upland cotton, extra long staple cotton, or rice elects to 
        substitute yields for the 1993 crop of the producer under 
        subsection (a), the eligibility of the producer for a waiver or 
        repayment of an advance deficiency payment on the crop under 
        this subtitle shall be adjusted as provided in paragraph (2).
            (2) Quantity.--The quantity of production of the crop on 
        which the producer otherwise would be eligible for waiver of 
        repayment of advance deficiency payments under this subtitle 
        shall be reduced by a quantity of production equal to the 
        difference between--
                    (A) the quantity of production eligible for 
                disaster payments under this subtitle using a 
                substituted yield under this section; and
                    (B) the quantity of production that would have been 
                eligible for disaster payments using the farm program 
                payment yield otherwise assigned to the producer under 
                this subtitle.
    (c) Multiperil Crop Insurance Not Available.--A producer may use 
the crop insurance yield for the 1992 crop of the producer of a 
commodity for purposes of substituting yields under subsection (a) if 
the producer demonstrates to the Secretary that, through no fault of 
the producer, multiperil crop insurance under the Federal Crop 
Insurance Act was not made available to the producer for the 1993 crop 
of the producer of the commodity.
    (d) Definition of Eligible Producer.--As used in this section, the 
term ``eligible producer'' means a producer of the 1993 crop of wheat, 
feed grains, upland cotton, extra long staple cotton, rice, or 
soybeans.

SEC. 112. PLANTING OILSEEDS ON PREVENTED PLANTING ACREAGE.

    If the producers on a farm are prevented from planting a program 
crop because of damaging weather or related condition in 1993 and file 
with the Secretary for prevented planting credit to preserve the 
program crop base of the producers for future crop years, the producers 
shall be permitted to place under a price support loan a substitute 
oilseed crop grown on the prevented planting acreage.

                          Subtitle B--Orchards

SEC. 121. DEFINITION OF ELIGIBLE ORCHARDIST.

    As used in this subtitle, the term ``eligible orchardist'' means a 
person who produces annual crops from trees for commercial purposes and 
owns 500 acres or less of the trees.

SEC. 122. ELIGIBILITY.

    (a) Loss.--Subject to the limitation in subsection (b), the 
Secretary shall provide assistance, as specified in section 123, to 
eligible orchardists that planted trees for commercial purposes but 
lost the trees as a result of freeze, earthquake, or related condition 
in 1993, as determined by the Secretary.
    (b) Limitation.--An eligible orchardist shall qualify for 
assistance under subsection (a) only if the tree mortality of the 
orchardist, as a result of the natural disaster, exceeds 35 percent 
(adjusted for normal mortality).

SEC. 123. ASSISTANCE.

    The assistance provided by the Secretary to eligible orchardists 
for losses described in section 122 shall consist of--
            (1) reimbursement of 65 percent of the cost of replanting 
        trees lost because of freeze, earthquake, or related condition 
        in 1993 in excess of 35 percent mortality (adjusted for normal 
        mortality); or
            (2) at the discretion of the Secretary, sufficient 
        seedlings to reestablish the stand.

SEC. 124. LIMITATION ON ASSISTANCE.

    (a) In General.--The total amount of payments that a person shall 
be entitled to receive under this subtitle may not exceed $25,000, or 
an equivalent value in tree seedlings.
    (b) Regulations.--The Secretary shall issue regulations--
            (1) defining the term ``person'' for the purposes of this 
        subtitle, which shall conform, to the extent practicable, to 
        the regulations defining the term ``person'' issued under 
        section 1001 of the Food Security Act of 1985 (7 U.S.C. 1308) 
        and chapter 3 of subtitle B of title XXII of the Food, 
        Agriculture, Conservation, and Trade Act of 1990 (7 U.S.C. 1421 
        note); and
            (2) prescribing such rules as the Secretary determines 
        necessary to ensure a fair and reasonable application of the 
        limitation established under this section.

SEC. 125. DUPLICATIVE PAYMENTS.

    The Secretary shall establish guidelines to ensure that no person 
receives duplicative payments under this subtitle and the forestry 
incentives program, agricultural conservation program, or other Federal 
program.

                        Subtitle C--Forest Crops

SEC. 131. DEFINITION OF ELIGIBLE TREE FARMER.

    As used in this subtitle, the term ``eligible tree farmer'' means a 
person who grows trees for harvest for commercial purposes and owns 
1,000 acres or less of the trees.

SEC. 132. ELIGIBILITY.

    (a) Loss.--Subject to the limitation in subsection (b), the 
Secretary shall provide assistance, as specified in section 133, to 
eligible tree farmers that planted tree seedlings in 1992 or 1993 for 
commercial purposes but lost the seedlings as a result of drought, 
earthquake, or related condition in 1993, as determined by the 
Secretary.
    (b) Limitation.--An eligible tree farmer shall qualify for 
assistance under subsection (a) only if the tree seedling mortality of 
the tree farmer, as a result of the natural disaster, exceeds 35 
percent (adjusted for normal mortality).

SEC. 133. ASSISTANCE.

    The assistance provided by the Secretary to eligible tree farmers 
for losses described in section 132 shall consist of--
            (1) reimbursement of 65 percent of the cost of replanting 
        seedlings lost because of drought, earthquake, or related 
        condition in 1993 in excess of 35 percent mortality (adjusted 
        for normal mortality); or
            (2) at the discretion of the Secretary, sufficient tree 
        seedlings to reestablish the stand.

SEC. 134. LIMITATION ON ASSISTANCE.

    (a) In General.--The total amount of payments that a person shall 
be entitled to receive under this subtitle may not exceed $25,000, or 
an equivalent value in tree seedlings.
    (b) Regulations.--The Secretary shall issue regulations--
            (1) defining the term ``person'' for the purposes of this 
        subtitle, which shall conform, to the extent practicable, to 
        the regulations defining the term ``person'' issued under 
        section 1001 of the Food Security Act of 1985 (7 U.S.C. 1308) 
        and chapter 3 of subtitle B of title XXII of the Food, 
        Agriculture, Conservation, and Trade Act of 1990 (7 U.S.C. 1421 
        note); and
            (2) prescribing such rules as the Secretary determines 
        necessary to ensure a fair and reasonable application of the 
        limitation established under this section.

SEC. 135. DUPLICATIVE PAYMENTS.

    The Secretary shall establish guidelines to ensure that no person 
receives duplicative payments under this subtitle and the forestry 
incentives program, agricultural conservation program, or other Federal 
program.

                 Subtitle D--Administrative Provisions

SEC. 141. INELIGIBILITY.

    (a) General Rule.--A person who has qualifying gross revenues in 
excess of $2,000,000 annually, as determined by the Secretary, shall 
not be eligible to receive any disaster payment or other benefits under 
this title.
    (b) Qualifying Gross Revenues.--As used in this section, the term 
``qualifying gross revenues'' means--
            (1) if a majority of the annual gross revenues of the 
        person are received from farming, ranching, and forestry 
        operations, the gross revenue from the farming, ranching, and 
        forestry operations of the person; and
            (2) if less than a majority of the annual gross revenues of 
        the person are received from farming, ranching, and forestry 
        operations, the gross revenue of the person from all sources.

SEC. 142. TIMING AND MANNER OF ASSISTANCE.

    (a) Timing of Assistance.--
            (1) Assistance made available as soon as practicable.--
        Subject to paragraph (2), the Secretary shall make disaster 
        assistance available under this title as soon as practicable 
        after the date on which funds are made available to carry out 
        this title.
            (2) Completed application.--No payment or benefit provided 
        under this title shall be payable or due until such time as a 
        completed application for a crop of a commodity has been 
        approved.
    (b) Manner.--The Secretary may make payments available under this 
title in the form of cash, commodities, or commodity certificates, as 
determined by the Secretary.

SEC. 143. COMMODITY CREDIT CORPORATION.

    (a) Use.--The Secretary shall use the funds, facilities, and 
authorities of the Commodity Credit Corporation in carrying out this 
title.
    (b) Existing Authority.--The authority provided by this title shall 
be in addition to, and not in place of, any authority granted to the 
Secretary or the Commodity Credit Corporation under any other provision 
of law.

SEC. 144. REGULATIONS.

    The Secretary or the Commodity Credit Corporation, as appropriate, 
shall issue regulations to implement this title as soon as practicable 
after the date of enactment of this Act, without regard to the 
requirement for notice and public participation in rulemaking 
prescribed in section 553 of title 5, United States Code, or in any 
directive of the Secretary.

SEC. 145. APPLICATION OF SUBTITLE.

    Except as otherwise provided in this title, this subtitle shall 
apply to subtitles A, B, and C.

                       TITLE II--RURAL BUSINESSES

SEC. 201. DISASTER ASSISTANCE FOR RURAL BUSINESS ENTERPRISES.

    (a) Loan Guarantees.--The Secretary shall guarantee loans made in 
rural areas--
            (1) to public, private, or cooperative organizations, to 
        Indian tribes on Federal and State reservations or other 
        Federally recognized Indian tribal groups, or to any other 
        business entities to assist the organizations, tribes, or 
        entities in alleviating the distress caused to the 
        organizations, tribes, or entities, directly or indirectly, by 
        damaging weather or related condition in 1992 or 1993; and
            (2) to organizations, tribes, or entities described in 
        paragraph (1) that refinance or restructure debt as a result of 
        losses incurred, directly or indirectly, because of damaging 
        weather or related condition in 1992 or 1993.
    (b) Eligible Loans.--To be eligible for a loan guarantee under this 
section, a loan shall be a loan made by a Federal or State chartered 
bank, savings and loan association, cooperative lending agency, 
insurance company, or other legally organized lending agency.
    (c) Loan Guarantee Limits.--
            (1) Percentage of principal and interest.--No guarantee 
        under this section shall exceed 90 percent of the principal and 
        interest amount of the loan or $500,000, whichever is less.
            (2) Total amount.--The total amount of loan guarantees 
        under this section shall not exceed $200,000,000.
    (d) Use of the Rural Development Insurance Fund.--The Secretary 
shall use the Rural Development Insurance Fund established under 
section 309A of the Consolidated Farm and Rural Development Act (7 
U.S.C. 1929a) for the purpose of discharging the obligations of the 
Secretary under this section.

               TITLE III--DISASTER CREDIT AND FORBEARANCE

SEC. 301. EMERGENCY LOANS.

    Section 321(b) of the Consolidated Farm and Rural Development Act 
(7 U.S.C. 1961(b)) shall not apply to a person who otherwise would be 
eligible for an emergency loan under subtitle C of such Act, if the 
eligibility is the result of damage to an annual crop planted for 
harvest in 1993.

SEC. 302. FARM OPERATING LOANS.

    (a) Direct Credit.--To the maximum extent practicable, the 
Secretary shall ensure that direct operating loans made or insured 
under subtitle B of the Consolidated Farm and Rural Development Act (7 
U.S.C. 1941 et seq.) for 1994 crop production are made available to 
farmers and ranchers suffering major losses due to damaging weather or 
related condition in 1992 or 1993 as authorized under laws in existence 
on the date of enactment of this Act, and under regulations of the 
Secretary, that promote the objective of enabling farmers and ranchers 
to stay in business.
    (b) Loan Guarantees.--
            (1) In general.--Notwithstanding any other provision of 
        law, the Secretary shall make available for fiscal year 1994 
        guarantees to commercial or cooperative lenders for loans under 
        subtitle B of the Consolidated Farm and Rural Development Act, 
        to refinance or reamortize 1993 operating loans, or 1993 or 
        1994 installments due and payable on real estate debt, farm 
        equipment or building debt (including debt for a storage 
        facility), livestock loan, or other operating debt, of farmers 
        and ranchers that otherwise cannot be repaid due to major 
        losses incurred by the farmers or ranchers because of damaging 
        weather or related condition in 1992 or 1993.
            (2) Reamortization.--Each loan guaranteed because of 
        damaging weather or related condition in 1992 or 1993 using 
        funds made available for fiscal year 1994, as described in 
        paragraph (1), shall contain terms and conditions governing the 
        reamortization of the debt of the farmer or rancher that will 
        provide the farmer or rancher a reasonable opportunity to 
        continue to receive new operating credit while repaying the 
        guaranteed loan, as determined by the Secretary.
            (3) Eligibility.--Notwithstanding any other provision of 
        law, a person eligible to receive payments under subtitle A of 
        title I shall be eligible for a guarantee, in accordance with 
        this subsection, for a loan made to the person by a commercial 
        or cooperative lender to refinance installment payments that 
        are or become due and payable during 1993 or 1994, as described 
        in paragraph (1), except that, to be eligible to have the loan 
        guaranteed, the person shall otherwise--
                    (A) be current in the obligation of the person to 
                the commercial or cooperative lender that agrees to 
                accept the guarantee in consideration of allowing the 
                person to make the 1993 or 1994 payment or installment 
                over a period of time not to exceed 6 years from the 
                original due date of the payment or installment; and
                    (B) meet the criteria for guaranteed loan borrowers 
                under subtitle B of the Consolidated Farm and Rural 
                Development Act established by the Secretary.
    (c) Use of Agricultural Credit Insurance Fund.--For purposes of 
providing guaranteed loans in accordance with subsection (b), in 
addition to funds otherwise available, the Secretary may use any funds 
available from the Agricultural Credit Insurance Fund for fiscal years 
1993 or 1994 for emergency insured and guaranteed loans under subtitle 
C of the Consolidated Farm and Rural Development Act (7 U.S.C. 1961 et 
seq.) to meet the needs resulting from damaging weather or related 
condition in 1992 or 1993, except that funds available from the Fund 
first shall be used to satisfy the level of assistance estimated by the 
Secretary to meet the needs of persons eligible for emergency disaster 
loans.

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