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The Farmer Bridge Assistance (FBA) Program is delivering billions in aid to row crop producers as farmers grapple with a worsening agricultural economy.
Nearly $9.6 billion has already been distributed, with corn and soybean growers receiving the largest share of payments. Corn alone accounts for about 42 percent of total disbursements, or $3.45 billion, followed by soybeans at $2.27 billion. Wheat, cotton, and rice round out the top recipients, while other eligible crops have collectively received hundreds of millions more.
Officials say totals are expected to rise as additional applications are approved.
Iowa has received the highest total of FBA payments so far, according to program data, with farmers in the state receiving $843 million. Texas and Illinois follow closely behind.
Despite the assistance, producers continue to face mounting financial pressure from rising fertilizer and fuel costs, prompting concerns that additional federal support may be needed.
NAFB news service
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