Congressional negotiators on Wednesday agreed on a $15 billion farm assistance package that would cut the cost of crop insurance and compensate growers for a third consecutive year of low commodity prices.
The package also includes $5.5 billion in direct payments, which would reach farmers by Sept. 30, just in time for this year’s congressional campaigns. Another $8.2 billion would be earmarked to help reduce premiums on federally subsidized crop insurance over the next five years. House and Senate approval on the package could come as early as today.
Topics Agribusiness
Was this article valuable?
Here are more articles you may enjoy.
Brown & Brown Wins Temporary Injunction Against Howden 
Most Are Overcharged for Property Insurance, Vanderbilt Study Says 
No, Florida Lawmakers Did Not Repeal the No-Fault Auto Insurance Law 
Spirit Airlines Shuts Down After 34 Years, Blames Higher Oil Prices 
