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Farm bill
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tim ar
Posted 12/11/2018 10:57 (#7163985 - in reply to #7163709)
Subject: RE: Can someone explain the implications of this.....



Holly Grove Arkansas
There are two brother who farm, Bill and Joe. Each has a seperation payment limit. Bill and Joe decide to combine their operation into a partnership, Billjoeco. Billjoeco can collect up to two payment limits, one for each partner. Bill unexpectedly dies. Bill jr takes over for Bill. Because Bill jr is a nephew Billjoeco’s payment limit falls by half.
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