The New AGI Rules for Farm Program Eligibility
The 2008 Farm Bill and subsequent regulations have established new adjusted gross income (AGI) and adjusted gross farm income (AGFI) limitations for program eligibility. The new limitations are considerably lower than the previous limitation of $2,500,000 and could have application to more producers than did the limitation under prior law. As a result, the correct computation of AGI and AGFI can be critical for ensuring that a producer remains eligible for farm program payments.
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