Thursday, March 22, 2012

Payment Limitation

One might think that with the likely demise of direct payments, the idea of payment limitations would recede into the background.  But Chris Clayton at DTN  reports Sen. Grassley and others are pushing revisions:
The legislation would have a $250,000 cap for married couples and maintains a hard cap on marketing-loan gains. Under a shallow-loss program, it would set a $100,000 cap for a couple under that program. It would also tighten language defining "actively engaged" to collect payments. Grassley said there are too many people claiming they are actively engaged because they participate in a phone call or two each year about the farm.
Crop insurance would not be covered.

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