(1) In general In determining the average adjusted gross farm income of a person or legal entity, the Secretary shall include income or benefits derived from or related to
(A) the production of crops, including specialty crops (as defined in section 3 of the Specialty Crops Competitiveness Act of 2004 (
7 U.S.C.
1621 note ; Public Law 108465)) and unfinished raw forestry products;
(B) the production of livestock (including cattle, elk, reindeer, bison, horses, deer, sheep, goats, swine, poultry, fish, and other aquacultural products used for food, honeybees, and other animals designated by the Secretary) and products produced by, or derived from, livestock;
(C) the production of farm-based renewable energy (as defined in section 9001 of the Farm Security and Rural Investment Act of 2002 (
7 U.S.C.
8101));
(D) the sale, including the sale of easements and development rights, of farm, ranch, or forestry land, water or hunting rights, or environmental benefits;
(E) the rental or lease of land or equipment used for farming, ranching, or forestry operations, including water or hunting rights;
(F) the processing (including packing), storing (including shedding), and transporting of farm, ranch, and forestry commodities, including renewable energy;
(G) the feeding, rearing, or finishing of livestock;
(H) the sale of land that has been used for agriculture;
(I) payments or other benefits received under any program authorized under title I of the Farm Security and Rural Investment Act of 2002 (
7 U.S.C.
7901 et seq.) or title I of the Food, Conservation, and Energy Act of 2008 [
7 U.S.C.
8701 et seq.];
(J) payments or other benefits received under any program authorized under title XII of this Act [
16 U.S.C.
3801 et seq.], title II of the Farm Security and Rural Investment Act of 2002 (Public Law 107171; 116 Stat. 223), or title II of the Food, Conservation, and Energy Act of 2008;
(K) payments or other benefits received under section 196 of the Federal Agriculture Improvement and Reform Act of 1996 (
7 U.S.C.
7333);
(L) payments or other benefits received under title IX of the Trade Act of 1974 [
19 U.S.C.
2497 et seq.] or subtitle B of the Federal Crop Insurance Act [
7 U.S.C.
1531];
(M) risk management practices, including benefits received under a program authorized under the Federal Crop Insurance Act (
7 U.S.C.
1501 et seq.) (including a catastrophic risk protection plan offered under section 508(b) of that Act (
7 U.S.C.
1508 (b))); and
(N) any other activity related to farming, ranching, or forestry, as determined by the Secretary.
(3) Special rule If not less than 66.66 percent of the average adjusted gross income of a person or legal entity is derived from farming, ranching, or forestry operations described in paragraphs (1) and (2), in determining the average adjusted gross farm income of the person or legal entity, the Secretary shall also include
(A) the sale of equipment to conduct farm, ranch, or forestry operations; and
(B) the provision of production inputs and services to farmers, ranchers, foresters, and farm operations.
