Texas A&M study shows how many farms would lose payments under proposed bill

A group of farms included in a recent Texas A&M study would fail to qualify for government subsidies if a proposed $200,000 adjusted gross income limit is approved by Congress.

The Agricultural and Food Policy Center at Texas A&M University, which uses 64 representative farms as part of its policy analysis, simulated the current farm bill with and without the proposed adjusted gross income cap.

U.S. House agriculture committee members are using the study's findings to help craft a new federal farm program.

The current farm bill excludes producers from farm program payments if their average adjusted gross income for three preceding years exceeds $2.5 million. Less than 75 percent of their adjusted gross income must also come from farming, ranching or forestry operations.

For more on the study, click here.