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![]() Jan. 2, 2025
by Jim Wiesemeyer, AgWeb.com In addition to a farm bill extension through Sept. 30, 2025, the American Relief Act of 2025 recently passed by Congress contains $9.8 billion in market relief payments for 20 covered crops. According to analysis by the Food and Agricultural Policy Research Institute (FAPRI), the top 10 states based on estimated total payments for corn, soybeans, wheat, cotton, sorghum, rice, barely, oats and peanuts are: *Texas: $963 million, primarily because of its status as the largest cotton producer *Iowa: $846 million, with strong support for corn and soybean farmers *Illinois: $790 million *Kansas: $787 million *Nebraska: $625 million *Minnesota: $616 million *North Dakota: $597 million *South Dakota: $497 million *Indiana: $400 million *Missouri: $391 million C orn, soybeans and wheat are expected to make up 80% of the total estimated payments, or about $7.9 billion. That number increases to 98% of, or about $9.7 billion, when including cotton, rice, sorghum, barley, oats and peanuts. National crop distribution is projected to be the following: *Corn: $3.829 billion *Soybeans: $2.553 billion *Wheat: $1.532 billion *Cotton: $975 million *Sorghum: $248 million *Rice: $216 million To read the entire report click here. Tweet |
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