Sens. Chuck Grassley (R-IA) and Byron Dorgan (D-ND) introduced an amendment to limit to $250,000 the amount of farm payments an individual can receive.
The amendment is estimated to save $486 million over five years and $1.07 billion over 10 years. Grassley and Dorgan said the savings would be used for renewable energy/rural development, conservation and nutrition. The Senators plan to offer the amendment during Senate consideration of the budget resolution. They also plan to introduce legislation for consideration during the farm bill debate.