President Trump's Farm Bill Reforms Act of 2018

This bill modifies several Department of Agriculture (USDA) programs to reduce farm subsidies and revise eligibility requirements.

The bill includes provisions that:

• reduce crop insurance premium subsidies;
• eliminate the separate payment limitation for peanuts;
• terminate the use of commodity certificates to pay off marketing assistance loans;
• eliminate crop insurance premium subsidies and payments under conservation and commodity programs for farms with annual adjusted gross incomes that exceed $500,000;
• prohibit more than one person in a farming operation from qualifying as a farm manager actively engaged in farming for the purposes of receiving payments under USDA commodity programs; and
• limit the average rate of return for private insurance companies participating in the Federal Crop Insurance Program to 12% of retained premiums.