Bill limits farm payments

Feb 21, 2005
U.S. Sens. Chuck Hagel (R-NE), Chuck Grassley (R-IA) and Byron Dorgan (D-ND) introduced a bill Feb. 15 that would place a $250,000 limit on federal farm payments. The senators introduced similar legislation in March 2003. Currently, a farmer can receive up to $360,000 in commodity payments a year. In addition, by using a marketing loan device known as generic certificates, the largest operations can receive unlimited payments. "This bill would bring sensible refo...

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