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The maximum annual amount of [[commodity program]] benefits a [[person]] can receive by law. Persons are defined under payment limitation regulations, established by [[USDA]], to be individuals, members of joint operations, or entities such as limited partnerships, corporations, associations, trusts, and estates that are actively engaged in farming. The [[three entity rule]] limits the number of farms from which a person can receive program payments. The [[FAIR Act of 1996]] sets payment limits at $40,000 per person per fiscal year on [[production flexibility contracts]] (down from $50,000 on target price [[deficiency payments]]). The limits of $75,000/person/year with respect to [[marketing assistance loan]] gains and [[loan deficiency payments]] for crops of contract commodities or oilseeds is maintained.  
 
The maximum annual amount of [[commodity program]] benefits a [[person]] can receive by law. Persons are defined under payment limitation regulations, established by [[USDA]], to be individuals, members of joint operations, or entities such as limited partnerships, corporations, associations, trusts, and estates that are actively engaged in farming. The [[three entity rule]] limits the number of farms from which a person can receive program payments. The [[FAIR Act of 1996]] sets payment limits at $40,000 per person per fiscal year on [[production flexibility contracts]] (down from $50,000 on target price [[deficiency payments]]). The limits of $75,000/person/year with respect to [[marketing assistance loan]] gains and [[loan deficiency payments]] for crops of contract commodities or oilseeds is maintained.  
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[[Category: Agriculture]]
 
[[Category: Agriculture]]

Latest revision as of 13:31, 21 October 2019

The maximum annual amount of commodity program benefits a person can receive by law. Persons are defined under payment limitation regulations, established by USDA, to be individuals, members of joint operations, or entities such as limited partnerships, corporations, associations, trusts, and estates that are actively engaged in farming. The three entity rule limits the number of farms from which a person can receive program payments. The FAIR Act of 1996 sets payment limits at $40,000 per person per fiscal year on production flexibility contracts (down from $50,000 on target price deficiency payments). The limits of $75,000/person/year with respect to marketing assistance loan gains and loan deficiency payments for crops of contract commodities or oilseeds is maintained.

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