# Federal Register
       :: 
      Payment Limitation and Payment Eligibility

> A USDA Commodity Credit Corporation and Farm Service Agency final rule takes effect August 20, 2020. It implements 2018 Farm Bill changes to program applicability and payment limits, allows waivers of the average AGI limit for certain conservation contracts, and expands the definition of family member to include first cousins, nieces and nephews.

- Date: 2020-08-24 · published 2020-08-24T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/51605-federal-register-payment-limitation-and-payment-eligibility
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

The rule changes eligibility and payment limits for USDA programs, which affects how much support farms receive. Price impact is minimal because it is an administrative change.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-11-04 | [FSA Changes to Payment Limitations and Eligibility Rules](https://feedsoft.ai/events/50144-fsa-changes-to-payment-limitations-and-eligibility-rules.md) | +1.8% | +8.9% |
| CORN | 2018-08-30 | [Federal Register
       :: 
      Market Facilitation Program](https://feedsoft.ai/events/63522-federal-register-market-facilitation-program.md) | +2.0% | +4.0% |
| CORN | 2019-04-02 | [U.S. Farm Program Eligibility and Payment Limits Under the 2018 Farm Bill (P.L. 115-334) - EveryCRSReport.com](https://feedsoft.ai/events/59570-u-s-farm-program-eligibility-and-payment-limits-under-the-2018-farm-bill-p-l.md) | -1.2% | -2.8% |
| CORN | 2019-06-10 | [Federal Register
       :: 
      Modifications to Fuel Regulations To Provide Flexibility for E15; Modifications to RFS RIN Market Regulations](https://feedsoft.ai/events/58475-federal-register-modifications-to-fuel-regulations-to-provide-flexibility-for.md) | +5.9% | +4.8% |
| CORN | 2019-09-03 | [Federal Register
       :: 
      Agriculture Risk Coverage and Price Loss Coverage Programs](https://feedsoft.ai/events/57084-federal-register-agriculture-risk-coverage-and-price-loss-coverage-programs.md) | -6.0% | +1.2% |
| SOY | 2020-11-04 | [FSA Changes to Payment Limitations and Eligibility Rules](https://feedsoft.ai/events/50144-fsa-changes-to-payment-limitations-and-eligibility-rules.md) | +7.5% | +8.9% |
| SOY | 2018-08-30 | [Federal Register
       :: 
      Market Facilitation Program](https://feedsoft.ai/events/63522-federal-register-market-facilitation-program.md) | +0.4% | +3.9% |
| SOY | 2019-04-02 | [U.S. Farm Program Eligibility and Payment Limits Under the 2018 Farm Bill (P.L. 115-334) - EveryCRSReport.com](https://feedsoft.ai/events/59570-u-s-farm-program-eligibility-and-payment-limits-under-the-2018-farm-bill-p-l.md) | +0.4% | -6.1% |

## Sources

- federalregister.gov: https://www.federalregister.gov/documents/2020/08/24/2020-18148/payment-limitation-and-payment-eligibility

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.