Billions in Aid Approved for US Farmers
As a government shutdown loomed, the US Congress passed spending legislation named the American Relief Act which was signed by President Biden on December 21, 2024. For agriculture and food-related commodities, this legislation contains one-time economic assistance payments, disaster relief payments, as well as partial funding from the rolled-over farm bill.
Part of the funding approved was $10 billion to support some American farmers across the nation. Within 90 days, economic assistance payments will only be dealt to farmers of eligible commodities like corn, soybeans, wheat, rice, canola, mustard...
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