Agricultural Credit Amendments Act of 1992

Summary

Agricultural Credit Amendments Act of 1992 - Title I: Farmers Home Administration Loans - Amends the Consolidated Farm and Rural Development Act to state that the interest rate for loans sold into the secondary market may be lower than the interest rate on the retained portion, but may not exceed the average interest rate charged by the lender on loans made to farm and ranch borrowers. Provides for Federal-State coordination of assistance for beginning farmers and ranchers. Directs the Secretary of Agriculture (Secretary) to establish an Advisory Committee on Beginning Farmers and Ranchers. Authorizes the Secretary to make grants for rural passenger transportation services or facilities. Directs the Secretary to establish within the farm ownership loan program a ten-year down payment loan program for beginning farmers and ranchers. Sets forth loan terms. Limits the availability of certain agricultural loans and guarantees to beginning farmers and ranchers during specified applicable periods. Directs the Secretary to establish a program of assistance (ten-year maximum) for beginning farmers and ranchers. Requires an applicant to submit a farm operations plan (plan) to the appropriate county committee, which must be approved by the committee and by the Secretary. Provides assistance in the form of operation and equipment loan guarantees. Gives applicants priority for equipment purchases in the Farmers Home Administration (FmHA) inventory. Terminates assistance for avoidable failure to achieve plan goals. Directs the Secretary to: (1) establish a program to encourage borrowers with operating loans or guarantees to graduate to private commercial credit sources; and (2) provide for the graduation of FmHA direct loan borrowers to FmHA guaranteed loans. Authorizes the leasing or leasing-with-purchase-option of certain FmHA inventory land not otherwise suitable for sale. Sets forth provisions regarding the transfer of Indian lands pledged as FmHA loan collateral, including properties containing a hazardous substance. Sets forth debt service margin requirements, including establishment of a certified lenders program. Defines "qualified beginning farmer or rancher" for assistance purpose. Sets aside specified percentages of operating and ownership loan assistance for beginning farmers or ranchers. Permits a borrower to appeal a loan appraisal determination. Title II: Farm Credit System - Amends the Farm Credit Act of 1971 to repeal the prohibition against guarantees of debt instruments whose income is tax exempt. Authorizes the Farm Credit Administration to approve competitive charters of Farm Credit System institutions under specified circumstances. Title III: Miscellaneous - Amends the Agricultural Credit Act of 1987 to increase the Federal assistance ceiling for State agricultural loan mediation programs. Title IV: Recreational Hunting Safety - Recreational Hunting Safety and Preservation Act of 1991 - Makes it unlawful to intentionally obstruct a lawful hunt (as defined by this Act) within a national forest. Establishes: (1) civil penalties for such violations; (2) procedures for individual and government agent complaints; and (3) permitted uses of collected penalty money. Authorizes injunctive relief. Permits an affected individual or sportsman's organization to bring a civil action to recover actual and punitive damages and attorney's fees.

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Timeline

1. 2 October 1992

   Introduced

   Introduced in Senate

   Source: IntroReferral

2. 2 October 1992

   Introduced

   Read twice and referred to the Committee on Agriculture.

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · — · Download file

Documents

2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 2 October 1992

  Open at official source

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Sponsors

• Sen. Conrad, Kent [D-ND] · D · Sponsor
• Sen. Grassley, Chuck [R-IA] · R · Sponsor
• Sen. Bumpers, Dale [D-AR] · D · Sponsor
• Sen. Leahy, Patrick J. [D-VT] · D · Sponsor
• Sen. Daschle, Thomas A. [D-SD] · D · Sponsor
• Sen. Wellstone, Paul D. [D-MN] · D · Sponsor
• Sen. Kasten, Robert W., Jr. [R-WI] · R · Sponsor
• Sen. Harkin, Tom [D-IA] · D · Sponsor
• Sen. Pryor, David H. [D-AR] · D · Sponsor
• Sen. Glenn, John H., Jr. [D-OH] · D · Sponsor
• Sen. Riegle, Donald W., Jr. [D-MI] · D · Sponsor
• Sen. Baucus, Max [D-MT] · D · Sponsor
• Sen. Exon, J. James [D-NE] · D · Sponsor
• Sen. Durenberger, Dave [R-MN] · R · Sponsor
• Sen. Kohl, Herb [D-WI] · D · Sponsor
• Sen. Burns, Conrad R. [R-MT] · R · Sponsor
• · ssaf00 · Standing

Related records

• related to → Agricultural Credit Improvement Act of 1992