Did he say that in his speech? Maybe I missed it. The only time I've heard that number was when it was proposed by the Bush Administration back when the current Farm Bill was being drafted.
I googled it and came up with this 2007 article.
"The Bush administration has proposed closing the loopholes and halting subsidies to anyone making more than $200,000 in adjusted gross income. Last month, Sens. Byron Dorgan, D-N.D., and Charles Grassley, R-Iowa, introduced legislation that would cap individual farm payments at $250,000."
They ended up simply lowering the cap from $2.5M down to $1M instead.
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Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
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