7 U.S.C. § 1471h — Ineligibility

(a) Any person that has qualifying gross revenues in excess of $2,500,000 annually, as determined by the Secretary, shall not be eligible to receive any livestock emergency benefits under this subchapter. (b) For purposes of this section, the term “ qualifying gross revenue ” means— (1) if a majority of the person ’s annual income is received from farming and ranching operations, the gross revenue from the person ’s farming and ranching operations; and (2) if less than a majority of the person ’s annual income is received from farming and ranching operations, the person ’s gross revenue from all sources. (Oct. 31, 1949, ch. 792, title VI, § 610, as added Pub. L. 100–387, title I, § 101(a) , Aug. 11, 1988 , 102 Stat. 931 .) Statutory Notes and Related Subsidiaries Effective Date Section effective 15 days after Aug. 11, 1988 , see section 101(c)(1) of Pub. L. 100–387 , set out as an Effective and Termination Dates of 1988 Amendment note under section 1427 of this title . Inapplicability of Section Section inapplicable to 2014 through 2018 crops of covered commodities, cotton, and sugar and inapplicable to milk during period beginning Feb. 7, 2014 , through Dec. 31, 2018 , see section 9092(b)(12) of this title . Section inapplicable to 2008 through 2012 crops of covered commodities, peanuts, and sugar and inapplicable to milk during period beginning June 18, 2008 , through Dec. 31, 2012 , see section 8782(b)(12) of this title . Section inapplicable to 2002 through 2007 crops of covered commodities, peanuts, and sugar and inapplicable to milk during period beginning May 13, 2002 , through Dec. 31, 2007 , see section 7992(b)(12) of this title . Section inapplicable to 1996 through 2002 crops of loan commodities, peanuts, and sugar and inapplicable to milk during period beginning Apr. 4, 1996 , and ending Dec. 31, 2002 , see section 7301(b)(1)(L) of this title .

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