Limited Resource Farmer

Definition

A Limited Resource Farmer or Rancher or Forest Owner is:

1. A person with direct or indirect gross farm sales not more than $116,800 in each of the previous two years.*1
   AND
2. A person with a total household income at or below the national poverty level for a family of four or less than 50 percent of county median household income in each of the previous two years.*2

*1 This value will be increased beginning in fiscal year 2005 to adjust for inflation using the "Prices Paid by Farmer Index" compiled by NASS.

*2 Total household income will be determined annually and indexed for inflation using Commerce Department Data.

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Last Modified: 01/29/2007