Direct payments |
Yes |
Yes |
Payment & income limit |
$ 250,000 payment limit for a person or entity, up to three payment limits for corporations.
Average adjusted gross income (AGI) limitation of $900,000 with an exemption for those who derive more than 75% of income from farming, ranching, or forestry‐related activities.
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$ 250,000 payment limit for a person or entity, up to three payment limits for corporations.
Average adjusted gross income (AGI) limitation of $900,000 with an exemption for those who derive more than 75% of income from farming, ranching, or forestry‐related activities.
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Signup period |
Late May‐mid September 2020 |
Late September‐mid December 2020 |
Eligible products |
Most nonspecialty crops, specialty crops (not all eligible for price‐decline‐related payment), and beef cattle, swine, wool, lamb, floriculture and nursery crops, aquaculture, liquid and frozen eggs. |
Nonspecialty crops, wool, livestock (excluding breeding stock), dairy, specialty crops, floriculture and nursery crops, aquaculture, broilers and eggs, and tobacco. |
Payments |
Payments provided if the average weekly price of the commodity for the week of April 6, 2020 was more than 5% below that price for the week of January 13, 2020.
Specialty crops only: Payments were also available when market disruptions resulted in a producer not receiving payment for purchased commodity because it had spoiled in transit or a producer being forced to leave crops unsold on the farm.
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Price‐Triggered Commodities: Payment rates for nonspecialty crops and major livestock commodities were based on the decline of the average weekly price of the commodity for the week of January 13, 2020 and the week of July 27, 2020 if the price decline was greater than 5%.
Sales Commodities: Payment rates for specialty crops and minor livestock commodities payments were based on a percentage of 2019 sales.
Flat‐rate Commodities: Nonspecialty crops for which sufficient price data were not available or which did not meet the 5% price decline trigger received a flat $15 per acre payment.
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Producer eligibility |
Producer had to be exposed to price risk on that commodity after January 15, 2020.
Producers received payment on their highest livestock inventory between mid‐April and mid‐May.
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Contract livestock growers included |
No |
No |