Page:United States Statutes at Large Volume 102 Part 1.djvu/988

 102 STAT. 950

12 USC 2252 note.

PUBLIC LAW 100-387—AUG. 11, 1988

of 1987 and similar provisions of law for such farmers and ranchers; and (3) encourage commercial lenders participating in guaranteed farmer lending prc^rams under the Consolidated Farm and Rural Development Act to exercise forbearance before declaring loans to such farmers and ranchers under such programs in default. (b) FARM CREDIT ADMINISTRATION.—It further is the sense of Congress that the Farm Credit Administration should in its oversight of Farm Credit System institutions, with respect to farmers and ranchers who suffer major losses due to drought, hail, excessive moisture, or related condition in 1988— (1) ensure that Farm Credit S3rstem institutions exercise forbearance in the collection of principal and interest on loans outstanding to such farmers and ranchers; (2) expedite the use of credit restructuring and other credit relief mechanisms authorized under the Agricultural Credit Act of 1987 and related provisions of law for such farmers and ranchers; and (3) encourage other lenders participating with Farm Credit System institutions in mutual loan agreements to exercise forbearance before declaring loans to such farmers and ranchers in default.

Subtitle C—Conservation Assistance 16 USC 3832 note. contracts.

Water. Wildlife.

SEC. 321. NEW CONSERVATION MEASURES.

(a) IN GENERAL.—(1) In the case of an owner or operator of land who has entered into a conservation reserve program contract under subtitle D of title XII of the Food Security Act of 1985 (16 U.S.C. 3831 et seq.) and harvests hay during the 1988 crop year on acreage subject to such contract as authorized by the Secretary of Agriculture, the Secretary may not reduce the amount of rental payments made to such owner or operator as the result of such harvesting to the extent that the owner or operator— (A) carries out additional conservation practices, approved by the Soil Conservation Service in consultation with appropriate Federal and State agencies, to enhance soil, water, and wildlife conservation on or in the vicinity of lands subject to such contract; and (B) pays the costs of carrying out such practices. (2) The amount of the reduction prohibited under paragraph (1) shall equal one-half of the amount paid by the owner or operator to cover the costs of carrying out the conservation practices. (b) CONSERVATION PRACTICES.—For purposes of subsection (a), the term "conservation practices" includes— (1) establishment of permanent shelterbelts and windbreaks; (2) restoration of wetlands; (3) establishment of wildlife food plots; or (4) planting of trees. SEC. 322. CONSERVATION RESERVE ENHANCEMENT PROGRAMS.

Effective beginning with the 1988 crop year, subsection (f) of section 1234 of the Food Security Act of 1985 (16 U.S.C. 3834(f)) is amended by adding at the end thereof the following new paragraph:

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