West of Mpls MN about 50 miles on Hwy 12 | $125,000.00($250,000.00 for married couples)The AGI limitation has changed from the 2008 farm bill also.
A person or legal entity is ineligible for payments if the person’s or legal entity’s adjusted gross income (AGI) for the
applicable compliance program year is in excess of $900,000. If a person with an indirect interest in a legal entity has AGI
in excess of $900,000, the payments subject to AGI compliance provisions to the legal entity will be reduced as calculated
based on the percent interest of the person in the legal entity receiving the payment. AGI is calculated based on the average
income for the 3 taxable years preceding the most immediately preceding complete taxable year for which benefits are
requested. For example, the relevant years used to calculate AGI for 2014 are the 2010, 2011, and 2012 tax years. For
2015, the relevant years are the 2011, 2012, and 2013 tax year.
This link will tell you every thing you want to know. http://www.fsa.usda.gov/programs-and-services/arcplc_program/index |
arc-plc payment limits???
