; or (2) 50 percent, in the case of a loan of more than $750,000 and not more than $1,000,000. (g) Use of loan proceeds The borrower of a loan guaranteed pursuant to this section shall use the loan proceeds only to produce agricultural commodities consistent with the purposes of the guaranteed loan programs under this title. (h) Regulations The Secretary shall issue such regulations as are necessary to implement this section. . (b) Section 312 of such Act ( 7 U.S.C. 1942 ) is amended by adding at the end the following: (f) USDA express guaranteed farm operating loans The Secretary shall establish a USDA Express Guaranteed Farm Operating Loan Program on the same basis as the USDA Express Guaranteed Farm Ownership Loans Program under section 310J. .