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Ridgway, IL | I read this on politico as part of the stimulus bill today, what does it mean?
RELIEF FOR FARMERS, RANCHERS: $24 BILLION
What they got: Nearly $24 billion, including $14 billion for an obscure Depression-era financial institution that USDA has wide discretion to use to stabilize the farm economy. Another $9.5 billion would be set aside for emergency aid for the agriculture sector, including cattle ranchers and fresh fruit and vegetable growers.
Why it matters: More aid might be on the way.
Republican senators from major cattle producing states, like Sen. John Hoeven (R-N.D.), initially sought to replenish the Depression-era program with $20 billion, as well as increase USDA's borrowing authority from the institution to $50 billion. | |
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