Fish Farming Assistance Act

Fish Farming Assistance Act - Declares that it is a Federal Government policy to nurture, encourage, and assist the fish farming industry for the benefit of individual farmers, the American people, the United States agricultural industry, and the National economy.

Directs the Secretary of Agriculture to develop and carry out an expanded program with respect to fish farming on farms and ranches of the Nation, under which program, he is authorized: (1) to conduct surveys, investigations, and research into all aspects of disease, nutrition, breeding, hybridization, stocking, harvesting, methods of processing, equipment design, marketing, and management; (2) to publish the results of any such surveys, and disseminate appropriate information; and (3) to furnish technical, financial, and other assistance to fish farmers, under such conditions as he deems appropriate, for the purposes of this Act.

Authorizes the Secretary to make loans to fish farmers, who have fee title or legal control of the land for the term of the loan, for stocking, practices, facilities, equipment, and other measures necessary for the production, harvesting, and marketing of farm-raised fish under this Act.

Provides that for the purpose and objective of consolidating and unifying research for carrying out the fish farming program, there shall be transferred to the Secretary of Agriculture: (1) the programs, facilities, and personnel presently engaged in research into aspects of fish farming for commercial purposes, in the Bureau of Sport Fisheries and Wildlife in the Department of the Interior; and (2) the programs, facilities, and personnel engaged in research into harvesting, processing, improved gear and equipment design, marketing, and all other related aspects of farm-raised fish for commercial purposes, in the Department of Commerce.

Authorizes the appropriation of necessary funds to carry out this Act.