Limited resource farmer or rancher

Limited resource farmer or rancher means either:
(1) Individual producer:
(i) A person with direct or indirect gross farm sales not more than the current indexed value in each of the previous 2 fiscal years (adjusted for inflation using Prices Paid by Farmer Index as compiled by National Agricultural Statistical Service), and
(ii) Has a total household income at or below the national poverty level for a family of four, or less than 50 percent of county median household income in each of the previous 2 years (to be determined annually using Commerce Department Data); or
(2) A legal entity or joint operation if all individual members independently qualify under paragraph (1) of this definition.

Source

7 CFR § 1466.3

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Scoping language

The definitions in this section apply to this part and all documents issued in accordance with this part, unless specified elsewhere in this part:

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