Chris Clayton DTN Ag Policy Editor
Fri Jul 13, 2007 09:49 AM CDT

House Agriculture Committee chairman Collin Peterson, D-Minn., is working on finding some numbers that will satisfy reformers when it comes to payment limits. Numbers reported this week include lowering the adjusted gross income for eligibility from the current $2.5 million to closer to $1 million or $900,000. That doesn't quite hit the mark of what the Bush administration wanted, which was an AGI of $200,000 for farm payments. Secretary of Agriculture Mike Johanns said the $200,000 figure would affect about 38,000 farmers so you have to assume many fewer farmers would be affected by those higher proposals.

On actual payments, ...

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