Statute · United States Code
7 U.S.C. § 1471h — Ineligibility
7 U.S.C. § 1471h
- Type
- Statute
- Source
- United States Code
- Jurisdiction
- Federal
- Date
- 2025-01-06
- Topic
- bankruptcy
(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.
(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.