S.1161 - Rural America Preservation Act of 2011112th Congress (2011-2012)
|Sponsor:||Sen. Grassley, Chuck [R-IA] (Introduced 06/09/2011)|
|Committees:||Senate - Agriculture, Nutrition, and Forestry|
|Latest Action:||06/09/2011 Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. (text of measure as introduced: CR S3687-3688) (All Actions)|
This bill has the status Introduced
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Summary: S.1161 — 112th Congress (2011-2012)All Bill Information (Except Text)
Introduced in Senate (06/09/2011)
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.