S.2217 - Rural America Preservation Act of 2012

A bill to amend the Food Security Act of 1985 to restore integrity to and strengthen payment limitation rules for commodity payments and benefits. view all titles (2)

All Bill Titles

  • Official: A bill to amend the Food Security Act of 1985 to restore integrity to and strengthen payment limitation rules for commodity payments and benefits. as introduced.
  • Short: Rural America Preservation Act of 2012 as introduced.

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Introduced
 
Senate
Passes
 
House
Passes
 
President
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03/21/12
 
 
 
 
 
 
 

Official Summary

Rural America Preservation Act of 2012 - Amends the Food Security Act of 1985 to cap maximum annual crop year direct and indirect payments to an individual or a legal entity for: (1) covered commodities, at $125,000 (maximum of $75,000 in marketing loan gains and loan deficiency payments an

Official Summary

Rural America Preservation Act of 2012 - Amends the Food Security Act of 1985 to cap maximum annual crop year direct and indirect payments to an individual or a legal entity for:
(1) covered commodities, at $125,000 (maximum of $75,000 in marketing loan gains and loan deficiency payments and $50,000 for other payments); and
(2) peanuts, at $125,000 (maximum of $75,000 in marketing loan gains and loan deficiency payments and $50,000 for other payments). Provides that an eligible person and spouse in a single farming operation may jointly receive up to twice such amount. Revises provisions respecting limitation of benefits to active farmers. Makes foreign individuals and foreign entities ineligible for agricultural program benefits.

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