A bill to amend the Agricultural Act of 1949 to increase the levels of loans and purchases for 1979, 1980, and 1981 crops of feed grains, wheat, and soybeans.

Amends the Agricultural Act of 1949 to require that the levels of loans and purchases for the 1979, 1980, and 1981 crops of corn, wheat, and soybeans be not less than 70 percent of parity.

Directs the Secretary of Agriculture to make available loans and purchases at not less than 80 percent of program levels for the 1979 crops of corn, barley, oats, grain sorghum, and wheat to producers who did not participate in, or who were ineligible because of noncompliance with, such programs.

Declares that specified provisions of the Food and Agriculture Act of 1977, relating to set-asides of normally planted acreage, shall not apply to specified loans and purchases for the 1979 crop of soybeans.