A long-delayed farm bill is headed for final action in Congress after negotiators reached agreement Wednesday on a new set of income limits that seek to bar wealthy individuals from receiving direct payments under the commodity program.
The new caps would apply to anyone with farm income of more than $750,000 or non-farm earnings in excess of $500,000. In addition, no individual could receive more than $40,000 in annual direct payments — about half of what many of the largest producers get under current law....
