A bill to amend the Agricultural Act of 1949 to establish a program to support the price of the 1986 through 1989 crops of feed grains and wheat; to require that strategic and critical materials be acquired, to the maximum extent feasible, by bartering agricultural commodities; to make persons who produce agricultural commodities on highly erodible land ineligible for certain agriculture-related programs; and for other purposes.

Title I: Price Support for Feed Grains and Wheat - Amends the Agricultural Act of 1949 to establish price support programs for the 1986 through 1989 feed grain and wheat crops.

Places limits on the resale of such crops acquired for use as alcohol fuels. Establishes a civil penalty for violations of this title.

Title II: Exportation of Agricultural Commodities - Subtitle A: Financing Exports - Amends the Food For Peace Act of 1966 to extend the Agricultural Export Credit Revolving Fund through FY 1989.

Amends the Agricultural Trade Development and Assistance Act of 1954 to extend the export program through FY 1989.

Subtitle B: Bartering for Strategic and Critical Materials - Directs the President and the Secretary of Energy, respectively, to seek to acquire petroleum products and strategic and critical materials by bartering Commodity Credit Corporation agricultural stocks. Requires at least ten percent of any such commodities to be shipped from U.S. Great Lakes ports.

Title III: Soil Conservation - Subtitle A: Highly Erodible Land - Makes persons growing crops on highly erodible land ineligible for price supports and other agricultural program benefits. Sets forth exemptions based on previous plantings or prior determinations of erodibility.

Directs the Secretary of Agriculture to complete specified land capability classification surveys as soon as practicable. Authorizes appropriations.

Subtitle B: Studies Related to Land Use - Directs the Secretary to undertake: (1) a cropland base protection study; and (2) an analysis of Department of Agriculture soil conservation programs.

Subtitle C: Program to Reduce Erosion - Directs the Secretary, during FY 1986 through 1988, to enter into long-term soil and water conservation contracts with owners and operators of erosion-prone land. Sets forth program provisions. Authorizes FY 1986 through 1988 appropriations.

Subtitle D: Definitions and Miscellaneous Provisions - Directs the Secretary to publish regulations implementing this title in the Federal Register within 180 days.