By remboltludtke

Farm Bill Loosens Payment Rules

Posted in Agriculture Blog

KRVN 880 Rural Radio:

While most of the focus on the House farm bill is on changes to nutrition programs, a new kerfuffle has cropped up over changes to farm programs that would benefit LLCs, S corporations and farmers who want to enroll cousins, nieces and nephews for commodity payments.

The changes, if they become law, would expand the eligibility of pass-through entities for farm-program payments to include limited-liability corporations and S-corps, as a way to avoid adjusted gross income caps for commodity payments. Currently, joint ventures and general partnerships are not subject to payment limits or income means testing. New language would expand those provisions for LLCs and S-corps.