$2.4-Billion Package Will Aid Farmers

Nearly $2.4 billion in emergency aid is headed to farmers still reeling from a year of flood, drought, crop disease and collapsing Asian markets. President Clinton used his weekly radio address to detail how the aid, included in a $7-billion farm aid package passed by Congress, will be disbursed. About $400 million will be used to provide incentives--discounts of up to 35%--for farmers to buy more and better crop insurance. The remaining $2 billion will go to farmers with losses from such causes as floods and crop disease. Nearly $3 billion in aid for farmers hurt by low grain prices already has been distributed.