[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[S. 2039 Introduced in Senate (IS)]







106th CONGRESS
  2d Session
                                S. 2039

 To amend the Consolidated Farm and Rural Development Act to authorize 
  the Secretary of Agriculture to provide emergency loans to poultry 
      producers to rebuild chicken houses destroyed by disasters.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            February 8, 2000

Mr. Hutchinson introduced the following bill; which was read twice and 
   referred to the Committee on Agriculture, Nutrition, and Forestry

_______________________________________________________________________

                                 A BILL


 
 To amend the Consolidated Farm and Rural Development Act to authorize 
  the Secretary of Agriculture to provide emergency loans to poultry 
      producers to rebuild chicken houses destroyed by disasters.

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

SECTION 1. EMERGENCY LOANS FOR POULTRY FARMERS.

    Section 321(b) of the Consolidated Farm and Rural Development Act 
(7 U.S.C. 1961(b)) is amended by adding at the end the following:
            ``(3) Loans to poultry farmers.--
                    ``(A) Inability to obtain insurance.--
                            ``(i) In general.--Notwithstanding any 
                        other provision of this subtitle, the Secretary 
                        may make a loan to a poultry farmer under this 
                        subtitle to cover the loss of a chicken house 
                        for which the farmer did not have hazard 
                        insurance at the time of the loss, if the 
                        farmer--
                                    ``(I) applied for, but was unable, 
                                to obtain hazard insurance for the 
                                chicken house;
                                    ``(II) uses the loan to rebuild the 
                                chicken house in accordance with 
                                industry standards in effect on the 
                                date the farmer submits an application 
                                for the loan (referred to in this 
                                paragraph as `current industry 
                                standards');
                                    ``(III) obtains, for the term of 
                                the loan, hazard insurance for the full 
                                market value of the chicken house; and
                                    ``(IV) meets the other requirements 
                                for the loan under this subtitle, other 
                                than (if the Secretary finds that the 
                                applicant's farming operations have 
                                been substantially affected by a major 
                                disaster or emergency designated by the 
                                President under the Robert T. Stafford 
                                Disaster Relief and Emergency 
                                Assistance Act (42 U.S.C. 5121 et 
                                seq.)) the requirement that an 
                                applicant not be able to obtain 
                                sufficient credit elsewhere.
                            ``(ii) Amount.--The amount of a loan made 
                        to a poultry farmer under clause (i) shall be 
                        an amount that will allow the farmer to rebuild 
                        the chicken house in accordance with current 
                        industry standards.
                    ``(B) Loans to comply with current industry 
                standards.--
                            ``(i) In general.--Notwithstanding any 
                        other provision of this subtitle, the Secretary 
                        may make a loan to a poultry farmer under this 
                        subtitle to cover the loss of a chicken house 
                        for which the farmer had hazard insurance at 
                        the time of the loss, if--
                                    ``(I) the amount of the hazard 
                                insurance is less than the cost of 
                                rebuilding the chicken house in 
                                accordance with current industry 
                                standards;
                                    ``(II) the farmer uses the loan to 
                                rebuild the chicken house in accordance 
                                with current industry standards;
                                    ``(III) the farmer obtains, for the 
                                term of the loan, hazard insurance for 
                                the full market value of the chicken 
                                house; and
                                    ``(IV) the farmer meets the other 
                                requirements for the loan under this 
                                subtitle, other than (if the Secretary 
                                finds that the applicant's farming 
                                operations have been substantially 
                                affected by a major disaster or 
                                emergency designated by the President 
                                under the Robert T. Stafford Disaster 
                                Relief and Emergency Assistance Act (42 
                                U.S.C. 5121 et seq.)) the requirement 
                                that an applicant not be able to obtain 
                                sufficient credit elsewhere.
                            ``(ii) Amount.--The amount of a loan made 
                        to a poultry farmer under clause (i) shall be 
                        the difference between--
                                    ``(I) the amount of the hazard 
                                insurance obtained by the farmer; and
                                    ``(II) the cost of rebuilding the 
                                chicken house in accordance with 
                                current industry standards.''.
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