Bill 119 s 984, also known as the "Agricultural Income Limitation Exception Act," aims to amend the Food Security Act of 1985 by creating an exception to certain payment limitations for individuals or legal entities that earn income from agriculture. The bill seeks to address concerns that current payment limitations may unfairly restrict the ability of some agricultural producers to receive necessary financial support.
Under the proposed legislation, individuals or legal entities that derive a significant portion of their income from agriculture would be eligible for an exception to these payment limitations. This exception would allow them to receive additional financial assistance to support their agricultural operations.
In addition to establishing this exception, the bill also includes provisions for other purposes related to agricultural income and support. These provisions are intended to promote the economic viability of agricultural producers and ensure that they have access to the resources they need to continue their operations.
Overall, Bill 119 s 984 seeks to address the unique financial challenges faced by individuals and legal entities that rely on agriculture for their income. By providing an exception to payment limitations and other forms of support, the legislation aims to promote the long-term sustainability of the agricultural sector in the United States.