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Senate reaches compromise agreement

Senate leaders have reached a compromise agreement on the economic stimulus package and are expected to vote today.

Various media reports indicate provisions in the bill would expand USDA’s borrowing authority under the Commodity Credit Corporation. This would allow more direct payments to farmers and ranchers including another potential round of Market Facilitation Program payments.

The agreement on the $2 trillion package to combat the impacts of the coronavirus pandemic comes after days of negotiations.

The package must pass both the Senate and the House before it could be signed by President Trump.