A bill to amend the Food Security Act of 1985 to strengthen the payment limitation provisions with respect to annual farm programs under the Agricultural Act of 1949.

Amends the Food Security Act of 1985, effective for the 1988 through 1990 crops, to subject to agricultural program payment limitations: (1) resource adjustment payments; (2) gains on certain loan repayments; (3) specified deficiency payments; and (4) specified inventory reduction payments.

Sets forth agricultural program payment limitations concerning corporations, stockholders, and other legal entities.