§ 1415.24 - Payment limitations.

Related Notices

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(a) Participants shall agree that:

(1) In the case of target price participation, the total of the premium subsidies received under the options program and the deficiency payments received under the annual acreage reduction programs will not exceed $50,000 per person; and

(2) In the case of price support participation, the total of premium subsidies received under the option program and loan deficiency payments, marketing loan gains, and “Findley” deficiency payments received under such programs will not exceed $75,000 per person.

(b) A “person” will be determined in the same manner as a “person” is determined for payment limitation purposes for such annual programs, as provided in part 1497 of this chapter.

                    
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