Clinton Signs Law for $7.1 Billion in Farm Aid

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