S. 1161 · 112th Congress
Rural America Preservation Act of 2011
- Stage
- In committee
- Sponsor
- Chuck Grassley
- Introduced
- 2011-06-09
- Latest action
- 2011-06-09 · Introduced in Senate
Summary
Rural America Preservation Act of 2011 - Amends the Food Security Act of 1985 to cap maximum annual direct and counter-cyclical payments to an individual (for covered commodities and peanuts) at $20,000 and $30,000, respectively. Revises limitation provisions for marketing loan gains, loan deficiency payments, and commodity certificate transactions, and establishes an annual combined limitation of $75,000 for such payments. Doubles payment limitations for single farming operations. Limits an individual or a legal entity to a combined annual payment of $250,000.
Revises provisions respecting limitation of benefits to active farmers.
Makes foreign individuals and foreign entities ineligible for agricultural program benefits.