TITLE 1:  COMMODITY
Payment Limits

• Denies farm program payments to anyone whose average adjusted gross non-farm income for the previous 3 tax years exceeds $500,000
• Denies direct payments to anyone whose average adjusted gross farm income for the previous 3 tax years exceeds $750,000
  • Specifies the components of adjusted gross farm income
• At least once every 3 years, individuals must provide documentation that their income does not exceed any of the adjusted gross income limits
• Retains the $40,000 limit on direct payments if a farmer does not participate in ACRE
  • If a farmer does elect ACRE, the $40,000 direct payment limit is reduced by the amount of the reduction in direct payments under ACRE
• Retains the $65,000 limit on counter-cyclical payments
• The limit on ACRE revenue payments is $65,000, plus the amount of the reduction in direct payments under ACRE
• Enacts direct attribution of payments
• Eliminates the 3-entity rule
• The spouse of someone actively engaged in farming is considered to be actively engaged in farming; thus, the spouse qualifies for farm program benefits
• Removes the current limit of $75,000 on marketing loan program benefits
• Conservation - there is a $1 million AGI cap for total income (with a 2/3 farm income exemption) for conservation program benefits.

	Go to Supplemental Agricultural Disaster Assistance
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	Read about IFB's Farm Bill grassroot policy