,,ii  #aacth ,,congress  #b;d ,session  
,s4 #bhae  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,september #af1
 #bjad ,mr4 ,pryor 7for himself and ,mr4
 ,boozman7 introduced the following     
bill2 which was read twice and referred 
to the ,committee on ,agriculture1      
,nutrition1 and ,forestry  ,a ,,bill    
,to amend the ,agricultural ,act of     
#bjad to require the ,secretary of      
,agriculture to extend the term of      
marketing assistance loans in cases in  
which a purchaser has bought the loan   
commodity subject to the loan and       
declared bankruptcy prior to paying for 
the loan commodity4  #a4 ,short title   
,this ,act may be cited as the ,farmer  
,flexibility ,act of #bjad4  #b4        
,extension in certain cases of          
bankruptcy ,section #abjc of the        
,agricultural ,act of #bjad 7#g         
,u4,s4,c4 #ijcc7 is amended-- 7#a7 by   
striking ,the ,secretary and inserting  
the following3  7#a7 ,in general ,except
 as provided in paragraph 7#b71 the     

,secretary  2 and  7#b7 by adding at the
 end the following3  7#b7 ,extension in 
certain cases of bankruptcy  7,a7 ,in   
general ,this paragraph applies in any  
case in which-- 7i7 the producers on a  
farm have a marketing assistance loan   
under section #abja for a loan          
commodity2  7ii7 the producers have     
sold1 transferred1 or delivered the loan
 commodity subject to the loan to a     
purchaser2 and  7iii7 prior to the      
purchaser paying the producers full     
payment for the loan commodity1 a case  
under any chapter of title #aa1 ,united 
,states ,code1 has been commenced in    
which the purchaser is the debtor4  7,b7
 ,extension ,in a case described in     
subparagraph 7,a71 the ,secretary       
shall-- 7i7 7,i7 extend the term of the 
marketing assistance loan until the date
 on which the case under title #aa1     
,united ,states ,code1 is closed or     
dismissed to a date that is at least    
#ahj days following the final resolution
 of the bankruptcy case2 and  7,,ii7    

extend the deadline for repayment of any
 installment of an ownership1 operating1
 or emergency loan made under the       
,consolidated ,farm and ,rural          
,development ,act 7#g ,u4,s4,c4 #aiba et
 seq47 until the date on which the case 
under title #aa1 ,united ,states ,code1 
is closed or dismissed to a date that is
 at least #ahj days following the final 
resolution of the bankruptcy case2 and  
7ii7 if the purchaser has taken         
possession of the loan commodity1       
suspend the accruing of interest during 
the period of any extension under clause
 7i74  4