The bill, now law, also restructures federal crop insurance to make it cheaper for growers to buy policies. The package provides for American farmers to receive an average $3,750.
The first round of payments, $5.5 billion to grain and cotton growers, will be made in late August and September just before presidential and congressional elections. An additional $1.64 billion will go to soybean, peanut, tobacco, fruit and vegetable growers in the following months.
Topics Agribusiness
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