Texas farmers will receive about 10% of the $9.7 billion in market relief payments that Congress authorized in its year-end funding bill, according to a University of Missouri analysis. Iowa, Illinois and Kansas will collectively receive another 25% of the total.
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Texas farmers will receive about 10% of the $9.7 billion in market relief payments that Congress authorized in its year-end funding bill, according to a University of Missouri analysis.
Texas, the largest producer of cotton, the crop with the largest payment per acre, will get $963.5 million in payments, followed by Iowa with $845.7 million, Illinois ($790.2 million) Kansas ($786.9 million), Nebraska ($625.4 million) and Minnesota ($615.5 million), according to the analysis.
The payments are intended to compensate row crop producers for recent declines in market prices and serve as a bridge to a new farm bill.
