ADJUSTED GROSS INCOME LIMITATION.

SEC. 10308. ADJUSTED GROSS INCOME LIMITATION. Section 1001D(b) of the Food Security Act of 1985 (7 U.S.C. 1308-3a(b)) is amended— (1) in paragraph (1), by striking “paragraph (3)” and inserting “paragraphs (3) and (4)”; and (2) by adding at the end the following: “(4) Exception for certain operations.— “(A) Definitions.—In this paragraph: “(i) Excepted payment or benefit.—The term ‘excepted payment or benefit’ means— “(I) a payment or benefit under subtitle E of title I of the Agricultural Act of 2014 (7 U.S.C. 9081 et seq.); “(II) a payment or benefit under section 196 of the Federal Agriculture Improvement and Reform Act of 1996 (7 U.S.C. 7333); and “(III) a payment or benefit described in paragraph (2)(C) received on or after October 1, 2024. “(ii) Farming, ranching, or silviculture activities.—The term ‘farming, ranching, or silviculture activities’ includes agri-tourism, direct-to-consumer marketing of agricultural products, the sale of agricultural equipment owned by the person or legal entity, and other agriculture-related activities, as determined by the Secretary. “(B) Exception.—In the case of an excepted payment or benefit, the limitation established by paragraph (1) shall not apply to a person or legal entity during a crop, fiscal, or program year, as appropriate, if greater than or equal to 75 percent of the average gross income of the person or legal entity derives from farming, ranching, or silviculture activities.” .