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This bill amends the Environmental Quality Incentives Program (EQIP) under the Food Security Act of 1985 to adjust payment structures for agricultural conservation practices. It increases the general cost-share payment cap from an unspecified level to 75 percent for most practices, while reducing it to 40 percent for specific infrastructure practices such as irrigation systems, drainage facilities, and waste management structures. The bill also reduces the maximum payment limit per producer from $450,000 to $150,000 and requires the Secretary of Agriculture to submit annual reports to Congress detailing program obligations by practice category, state, and farm size.
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