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.
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
BMW Recalls Hundreds of Thousands of Cars Over Fire Risk 
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles 
Gun Accessory Company to Pay $1.75 Million to Buffalo Supermarket Shooting Victims 
