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Market downturn leads to payments

from Agri-View

According to the Agriculture Department, many of the 1.7 million farms enrolled in either the Agriculture Risk Coverage or Price Loss Coverage programs will receive safety-net payments due to the market downturn during 2015. This fall the government will make more than $7 billion in payments under the Agriculture Risk Coverage-County and Price Loss Coverage programs to assist participating producers, which will account for more than 10 percent of the USDA's projected 2016 net farm income. more

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