$15.3-Billion Bailout for Farmers Is OKd
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Congress approved a $15.3-billion package of programs to aid financially distressed farmers, marking the third bailout for agriculture since legislation intended to wean farmers off federal subsidies was passed four years ago. The legislation would make it cheaper for farmers to buy insurance to protect against crop failure while pumping an additional $8.2 billion into the beleaguered Federal Crop Insurance Program. Congress also included $7.1 billion of “emergency” spending.
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