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| The '''Three entity rule''' is a rule about farm subsidy payments in the ]. Federal law currently sets an annual cap on the amount of payments that a person may receive from the major ]. 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. | The '''Three entity rule''' is a rule about farm subsidy payments in the ]. Federal law currently sets an annual cap on the amount of payments that a person may receive from the major ]. 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. | ||
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The Three entity rule is a rule about farm subsidy payments in the United States. Federal law currently sets an annual cap on the amount of payments that a person may receive from the 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.
References
This article incorporates public domain material from Jasper Womach. Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition (PDF). Congressional Research Service.