Senate Disaster Aid Bill Waives AGI Limits On MFP 2.0

May 23, 2019 05:59 PM
 
The $19.1 billion disaster aid bill passed by the Senate on Thursday waives the adjusted gross income for the recently announced 2019 Market Facilitation Program (MFP).

The $19.1 billion disaster aid bill passed by the Senate on Thursday waives the adjusted gross income for the recently announced 2019 Market Facilitation Program (MFP).

Following an agreement reached between Congress and President Donald Trump to remove border wall funding from the long-stalled disaster bill, the Senate passed the legislation on Thursday, providing more than $4 billion for farmers and ranchers devastated by Mother Nature over the past few years.  

The bill also includes a provision to waive the average adjusted gross income requirement for producer eligibility under the 2019 MFP.

“If 75 percent of the income comes from farming, ranching or forestry-related activities, then farmers earning above $900,000 a year in average adjusted gross income can participate in the Market Facilitation Program,” says R.J. Karney director of congressional relations at the American Farm Bureau Federation. “Payments are capped at $125,000 per person or legal entity.”

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