The three-entity rule is eliminated. All payments are tied directly back to an individual. This eliminates the ability of a single producer to double the old payment cap by using multiple entities.
If a three-year average of adjusted gross income from non-farm sources is greater than $500,000 for a single person or $1 million for married couples, then the person or couple is excluded from the entire commodity program.
If a three-year average of net farm income (income after all business deductions) is greater than $750,000 for a single farmer or $1.5 million if the spouse is also ...