Hard Caps on Farm Payments

Senators Chuck Grassley (R-IA), Tim Johnson (D-SD), Mike Enzi (R-WY) and Sherrod Brown (D-OH) have introduced the “Farm Program Integrity Act of 2013,” which would place a hard cap on the farm payments an individual farmer can receive in a year.

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Senators Chuck Grassley (R-IA), Tim Johnson (D-SD), Mike Enzi (R-WY) and Sherrod Brown (D-OH) have introduced the “Farm Program Integrity Act of 2013,” which would place a hard cap on the farm payments an individual farmer can receive in a year.  The legislation would establish a per farm cap of $50,000 on all commodity program benefits, except those associated with the marketing loan program (loan deficiency payments and marketing loan gains), which would be capped at $75,000.  The combined limit would be $125,000, or, for married couples, $250,000.  The $50,000 cap would apply to whatever type of program is developed as part of the new farm bill.  The bill also would close loopholes that allow non-farmers to qualify for federal farm payments.  The 2012 Senate-passed farm bill contained similar language regarding farm payments.

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Garya
on Feb 28, 2013

Good that there are special programs to help farmers. To finance business they need money but it can be hard to get a business or personal loan from banks. There are other lending options like instant loans but they can be too expensive. Agriculture sector is one of the most important for the economy and it’s necessary to help farmers to develop it. I think that farmers and household owners will appreciate the opportunity of getting financial help. This money will be enough to cover farming expenses and develop the business.

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