S.2217 - Rural America Preservation Act of 2012112th Congress (2011-2012)
|Sponsor:||Sen. Grassley, Chuck [R-IA] (Introduced 03/21/2012)|
|Committees:||Senate - Agriculture, Nutrition, and Forestry|
|Latest Action:||Senate - 03/21/2012 Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. (All Actions)|
This bill has the status Introduced
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Summary: S.2217 — 112th Congress (2011-2012)All Information (Except Text)
Introduced in Senate (03/21/2012)
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.