Expectations for American Relief Act

Corn, soybean and wheat farmers are expected to receive nearly $8 billion or 80 percent of the economic support from the American Relief Act recently passed by Congress. According to a report produced by Terrain, North Dakota farmers will receive $666 million; there’s $623 million for Minnesota and $504 million for South Dakota. These payments are expected to go out within 90 days of the December 21 passage of the bill. Terrain provides research for American AgCredit, Farm Credit Services of America and Frontier Farm Credit.