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.
AIG’s Zaffino to Step Down as CEO as Aon’s Andersen Steps In 
NC Insurance Commissioner Urges President to Not Pardon Greg Lindberg 
Howden US Tells Judge Brown & Brown Employees Fled Due to ‘Mistreatment’ 
New York Regulates Consumer Litigation Financing 
