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The most visible component of the Act were the loans to individual farmers and their families. Under the act, farmers could borrow up to 50% of the value of their land and 20% of the value of their improvements. The minimum loan was $100 and the maximum was $10,000. Loans made through the Act were paid off through amortization over 5 to 40 years.
The Food, Conservation, and Energy Act of 2008 (Pub. L. 110–246 (text), H.R. 6124, 122 Stat. 1651, enacted June 18, 2008, also known as the 2008 U.S. Farm Bill) was a $288 billion, five-year agricultural policy bill that was passed into law by the United States Congress on June 18, 2008.
The bill included approximately $100 billion in annual spending for Department of Agriculture programs, around 80 percent of which was allocated for food stamps and other nutritional programs. [17] [24] [25] The 2008 Farm bill increased spending to $288Bn therefore causing controversy at the time by increasing the budget deficit.
State leaders in California have approved a $100-billion plan to further the economic recovery in California that includes new stimulus checks for residents, rent relief and grants to businesses.
According to the California Department of Food and Agriculture, "California agriculture is a $42.6 billion dollar industry that generates at least $100 billion in related economic activity." [37] The state's agricultural sales first exceeded $30 billion in 2004, [33] making it more than twice the size of any other state's agriculture industry.
The agricultural industry in California is the largest in the U.S. Agriculture is an important sector in California's economy. According to the USDA in 2011, the three largest California agricultural products by value were milk and cream, shelled almonds, and grapes. [21]
Trump's administration in his first term signed a memorandum that redirected millions of gallons of water to farmers living in the Central Valley and Southern California, pumping it out of the ...
The United States Department of Agriculture (USDA) is an executive department of the United States federal government that aims to meet the needs of commercial farming and livestock food production, promotes agricultural trade and production, works to assure food safety, protects natural resources, fosters rural communities and works to end hunger in the United States and internationally.
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