Let me just say that a Senate that quite often is partisan in trying to come to agreement overwhelmingly supported this idea of some kind of a payment limitation. The gentleman from the other side of the aisle suggests that this kind of a limitation hurts a lot of the hard-working family farmers. Let me just report to you the following information that comes from the Congressional Research Service, prepared by Jasper Womach, Agricultural Policy Specialist. The report calculates how many acres of the different commodity crops would have to have been grown to reach the $150,000 limit that we put in this suggestion of instructing conferees. Wheat based on the price of wheat last year, you would have to exceed 60,000 acres of wheat. Corn, it would take over 27,000 acres of corn to get close to the $150,000 limit. Soybeans, it would take over 5,000 acres of soybeans to get close to the $150,000 limit. Cotton, it would take 11,000 acres of cotton to reach the $150,000 limit. Rice, it would take over 2,600 acres of rice to reach the $150,000 limit. Let me stress this: whether it is 27,000 acres of corn or whether it is 2,600 acres of rice, we are dealing with an average commercial farm operation in the United States of 460 acres.
Editor's note · Context
Discussing payment limitations for farmers and their implications during a Senate floor debate.
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