|Secretary Sonny Perdue at Minnesota FarmFest|
(DTN/The Progressive Farmer photo by Chris Clayton)
The money has come from the Commodity Credit Corp., an agency that was created in the Great Depression, but the authorized $28 billion is close to the agency's $30 billion limit. "White House aides for the first time are pressing Congress to increase how much the administration can distribute through the farm bailout before hitting the program's legal spending limit this fall -- even though farmers have already been promised billions in additional funding," Jeff Stein reported for The Washington Post in September. The issue is likely part of negotiations for appropriations to avoid a government shutdown.