Rural America Preservation Act of 2012 - Amends the Food Security Act of 1985 to cap maximum annual crop year direct and indirect payments to an individual or a legal entity for: (1) covered commodities, at $125,000 (maximum of $75,000 in marketing loan gains and loan deficiency payments and $50,000 for other payments); and (2) peanuts, at $125,000 (maximum of $75,000 in marketing loan gains and loan deficiency payments and $50,000 for other payments).
Provides that an eligible person and spouse in a single farming operation may jointly receive up to twice such amount.Revises provisions respecting limitation of benefits to active farmers.
Makes foreign individuals and foreign entities ineligible for agricultural program benefits.