- Not enactedThe President has not signed this bill
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Senate Committee on Agriculture, Nutrition, and ForestryIntroducedAugust 4th, 2010
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Rural America Preservation Act of 2010
A bill to amend the Food Security Act of 1985 to restore integrity to and strengthen payment limitation rules for commodity payments and benefits.
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.