OBBBA Payment Limit Updates Webinar
We provide a webinar on the new OBBBA payment limit updates and related AGI changes
In today’s post we provide a webinar on the new guidance from FSA on payment limits. Topics covered include:
The new qualified pass-through entity rules and how it affects payment limits,
The elimination of payment of wages or guaranteed payments from the actively engaged equation,
The waiver of the $900,000 AGI limit for certain farm programs (but not ARC or PLC), and
Changes to definition of farm income.
We also review some examples of how these changes might affect your farm operation.
I enjoyed the webinar on this topic as it answered many questions for me. Is there any recourse written into the rules? I was DQ for AGI 21-24 due to non-farm income so no PLC or FBA in 2025. Do the rules allow for any recourse?