7 U.S.C. § 1471h | Ineligibility

(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.

(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.

Oct. 31, 1949, ch. 792 Pub. L. 100–387, title I, § 101(a)Aug. 11, 1988102 Stat. 931(, title VI, § 610, as added , , .)

Statutory Notes and Related Subsidiaries

Effective Date

Aug. 11, 1988section 101(c)(1) of Pub. L. 100–387 section 1427 of this titleSection effective 15 days after , see , set out as an Effective and Termination Dates of 1988 Amendment note under .

Inapplicability of Section

Feb. 7, 2014Dec. 31, 2018section 9092(b)(12) of this titleSection inapplicable to 2014 through 2018 crops of covered commodities, cotton, and sugar and inapplicable to milk during period beginning , through , see .

June 18, 2008Dec. 31, 2012section 8782(b)(12) of this titleSection inapplicable to 2008 through 2012 crops of covered commodities, peanuts, and sugar and inapplicable to milk during period beginning , through , see .

May 13, 2002Dec. 31, 2007section 7992(b)(12) of this titleSection inapplicable to 2002 through 2007 crops of covered commodities, peanuts, and sugar and inapplicable to milk during period beginning , through , see .

Apr. 4, 1996Dec. 31, 2002section 7301(b)(1)(L) of this titleSection inapplicable to 1996 through 2002 crops of loan commodities, peanuts, and sugar and inapplicable to milk during period beginning , and ending , see .