7 USC 1471h – Ineligibility
Current as of: 2024 | Check for updates
|
Other versions
(a) Any person that has qualifying gross revenues in excess of $2,500,000 annually, as determined by the Secretary, shall not be eligible to receive any livestock emergency benefits under this subchapter.
Terms Used In 7 USC 1471h
- livestock: means cattle, elk, reindeer, bison, horses, deer, sheep, goats, swine, poultry (including egg-producing poultry), llamas, alpacas, live fish, crawfish, and other animals that&mdash. See 7 USC 1471
(b) For purposes of this section, the term “qualifying gross revenue” means—
(1) if a majority of the person’s annual income is received from farming and ranching operations, the gross revenue from the person’s farming and ranching operations; and
(2) if less than a majority of the person’s annual income is received from farming and ranching operations, the person’s gross revenue from all sources.