Reducing the Deficit through Eliminating Agriculture Direct Payment Subsidies Act of 2011 or REAPS Act of 2011 - Amends the the Food, Conservation, and Energy Act of 2008 to terminate direct payments for covered commodities and peanuts. Amends the Food Security Act of 1985 to limit to $65,000 per crop year:
Applies such provisions to the 2012 crop year.