Home > Term: three entity rule
three entity rule
Federal law currently sets an annual cap on the amount of direct payments that a person may receive from major farm programs. A provision in this law permits a person to receive payments up to the full cap on the first farm in which the person has a substantial beneficial interest, and up to half the full cap on each of two additional farms; hence the so-called "three-entity rule."
- Part of Speech: noun
- Industry/Domain: Agriculture
- Category: Agricultural programs & laws
- Company: USDA
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- AjayOwor
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