Emergency Agricultural Marketing and Sales Act of 1985

Summary

Emergency Agricultural Marketing and Sales Act of 1985 - Directs the Secretary of Agriculture to: (1) provide U.S. exporters and users and foreign purchasers with free agricultural commodities in order to expand overseas markets for U.S. agricultural products; and (2) carry out such program through the Commodity Credit Corporation (CCC). Amends the Food for Peace Act of 1966 to: (1) authorize the CCC to guarantee the repayment of loans made to finance export credit sales and to provide intermediate export credit to developing nations; (2) authorize FY 1985 through 1988 appropriations; and (3) authorize the Secretary to provide commodities to countries not qualifying for export credit or guarantees to reduce the cost of such commodities and to enable them to meet such qualifications. Amends the Agricultural Act of 1949 to expand agricultural donation authority. Provides for commodity loan repayment of the 1981 through 1985 crops of wheat, feed grains, cotton, or rice at the original rate or at a rate that will: (1) minimize foreclosures; (2) prevent surplus accumulations and related storage costs; and (3) permit free and competitive marketing.

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Documents

2 official files

• Reported to Senate with amendment(s)

  summary · EN · 20 May 1985

  Open at official source

• Introduced in Senate

  summary · EN · 1 May 1985

  Open at official source

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