A bill to amend the Agricultural Act of 1949 to modify the loan rate and the acreage set-aside and diversion programs for the 1984 crop of feed grains and the producer reserve program for wheat and feed grains.

Amends the Agricultural Act of 1949, as amended by the Omnibus Budget Reconciliation Act of 1982, to set the 1984 corn loan rate at 1983 levels.

Provides, with regard to the 1984 feed grain crop, for a mandatory ten percent set-aside and a diversion program of between ten and 20 percent.

Prohibits wheat and feed grain storage payments from being less than the prevailing community storage rates for such commodities.