5 Rs: Resources

• Should Your Farm Change Its Business Structure? Considerations for Producers After OBBBA

  Yangxuan Liu

  August 7, 2026

  The One Big Beautiful Bill Act (OBBBA) has changed the way U.S. Department of Agriculture (USDA) payment limitations apply to different farm business structures. As discussed in my previous article, Limited Liability Companies (LLCs) that are not taxed as C corporations and S corporations may now qualify for payment limitation treatment similar to general partnerships.…

  Posted in: 5 Rs: Resources, 5 Rs: Response, 5Rs Model, Economics

• OBBBA Levels the Playing Field for Farm Business Structures

  Yangxuan Liu

  July 31, 2026

  Yangxuan Liu, Associate Professor, University of Georgia; Michael R Langemeier, Professor, Purdue University One Big Beautiful Bill Act (OBBBA) changes how U.S. Department of Agriculture (USDA) payment limitations apply to different farm business structures. On June 2, 2026, USDA released an implementation guideline explaining how this provision will be administered beginning with the 2026 program…

  Posted in: 5 Rs: Resources, 5Rs Model, 5Rs: Recognition, Economics