ANNUALIZING SELF-EMPLOYMENT INCOME AND EXPENSES FROM FARMING.

SEC. 341. ANNUALIZING SELF-EMPLOYMENT INCOME AND EXPENSES FROM FARMING.Section 5(f)(1)(A) (7 U.S.C. 2014(f)(1)(A)) is amended— (1) in the second sentence by striking out “preceding” and inserting in lieu thereof ”first”; and (2) by inserting after the first sentence the following new sentence: “Notwithstanding the preceding sentence, household income resulting from the self-employment of a member in a farming operation, who derives income from such farming operation and who has irregular expenses to produce such income, may, at the option of the household, be calculated by averaging such income and expenses over a 12-month period.”.