The Farm Security and Rural Investment Act of 2002 contain provisions limiting the amount of payments a “person” can receive per program year. These limits are $40,000 for direct payments, $65,000 for counter-cyclical payments and $75,000 for loan deficiency payments (LDP’s) and marketing loan gains. Farm sizes that cause payments to exceed these limits are illustrated in the following sections. Then, a definition of a “person” is given. This definition along with other entity rules comes directly from the Farm Service Agency (FSA) Fact Sheet “Payment Eligibility and Limitations” (see http://www.fsa.usda.gov/pas/publications/facts/html/payelig01.htm).
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