§ 1439.809 - Limitations on payments and income.

(a) No person, as determined in accordance with part 1400 of this chapter may receive benefits under this subpart in excess of $50,000. Any other benefits obtained under this part will not be included in the calculation of the $50,000 for the application of this subpart.

(b) No person, as defined in Part 1400 of this chapter, as applicable, with annual gross receipts in excess of $2.5 million for the preceding tax year will be eligible for benefits under this subpart. For the purpose of this determination, annual gross receipts means with respect to a person who receives more than 50 percent of such person's gross income from farming and ranching, the total gross receipts received from such operations; and with respect to a person who receives 50 percent or less of such person's gross receipts from farming and ranching, the total gross receipts from all sources.