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Corn+Soybean Digest

President Signs Farm Security And Rural Investment Act Of 2002

"I am pleased that the President today has signed the Farm Security and Rural Investment Act of 2002 into law. This legislation will now provide certainty and support for America’s farmers and ranchers in the coming years."

"The new farm bill provides rebalanced loan rates, lives within the Congressional budget resolution agreed to last year and is consistent with our international trade obligations. The farm bill also contains record-level support for environmental stewardship, a renewed commitment to renewable fuels programs, and additional investments to help expand international markets, rural community programs and food stamp assistance for low-income Americans."

"America’s farmers and ranchers are the backbone of our nation and work hard every day to provide food, clothing and energy to consumers around the world. This bill also provides generous support to help producers when times are tough."

"USDA now begins the very difficult task of implementation. Because of the timing of the bill and the many complex changes it contains, this process will be challenging. USDA staff has been working for several months to prepare for the farm bill and we are strongly committed to ensuring timely and efficient implementation during the coming months."

"While this bill is not perfect, it reflects a compromise agreement and I appreciate the work of the conferees in achieving consensus under very difficult circumstances."

"We are pleased that with the President’s quick approval of this legislation, USDA can now begin to implement this measure on behalf of America’s farm and food sector."

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