Low crop prices in 2015 have triggered more than $7 billion in help for U.S. farmers as part of a federal safety-net program.
About 1.7 million farmers who enrolled in either the Agriculture Risk Coverage or Price Loss Coverage programs will receive payments to help offset their losses.
“These payments will help provide reassurance to America’s farm families, who are standing strong against low commodity prices compounded by unfavorable growing conditions in many parts of the country,” Secretary of Agriculture Tom Vilsack said.
Crops enrolled in the program include soybeans, corn, wheat, rice, peanuts and barley.
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Vilsack said the USDA also has deployed other safety-net programs this year, including $11 million in payments to dairy farmers through the Dairy Margin Protection Program.
Of the $11 million, California’s dairy operators received $305,167. The lion’s share of the payments went to dairy farmers in Wisconsin, Minnesota and Iowa.