1、Order Code RS21493Updated January 25, 2008Payment Limits for Farm CommodityPrograms: Issues and ProposalsJim MonkeSpecialist in Agricultural PolicyResources, Science, and Industry DivisionSummaryPayment limits both determine eligibility and set a maximum amount ofcommodity payments per person. Both
2、the House and Senate versions of the 2007 farmbill, H.R. 2419, would tighten some limits and relax others. The House bill tightens theadjusted gross income (AGI) cap to $500,000 (compared with the current $2.5 million)unless farming contributes more than b of household income, and has a firm $1 mill
3、ioncap for everyone. The Senate bill makes smaller, slower changes to the AGI limit ($1million in 2009, $750,000 in 2010, unless b of income is from farming), and does nothave a firm cap. Both bills track payments to individuals and disallow doubling forpeople with multiple farms. But both repeal an
4、y limit on marketing loans.Two Senate floor amendments on payment limits failed to get 60 votes to avoid afilibuster and thus were not adopted, including the Dorgan/Grassley amendment to lowerthe limit on payments from $360,000 to $250,000, and the Klobuchar amendment totighten the AGI limit to $250
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