Rural America Preservation Act of 2010

Summary

Rural America Preservation Act of 2010 - 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. Sets forth attribution of payment provisions for: (1) individuals; (2) legal entities; and (3) embedded legal entities. Revises provisions respecting limitation of benefits to active farmers. Makes a person who commits fraud in connection with a scheme or device to evade certain program limitations ineligible for farm benefits for six years. Makes foreign individuals and foreign entities ineligible for agricultural program benefits.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 4 August 2010

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 4 August 2010

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• Introduced in Senate

  summary · EN · 4 August 2010

  Open at official source

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