Once again, Congress will provide U.S. farmers with emergency aid. On June 21, 2000, President Clinton signed a bill that authorizes $7.1 billion in farm assistance, most of which will be distributed according to existing payment formulas. The label emergency allows Congress to bypass its self-imposed budget restrictions on extra farm aid. In the Corn Belt this year’s emergency will be a big crop and low prices— and not, as previously feared, a small crop and high prices.
Babcock, Bruce A.
"Agricultural Policy Update: Are FAIR’s Payment Formulas Fair?,"
Iowa Ag Review: Vol. 6
, Article 1.
Available at: http://lib.dr.iastate.edu/iowaagreview/vol6/iss3/1