US grain, cotton and soybean farmers will soon receive $4.6 billion in crop subsidies, with corn growers getting one-third of them, the US Agriculture Department said on Thursday.
Some $1.6 billion will go to corn farmers as their final countercyclical payment for the 2005 crop. The remaining $3 billion will be so-called direct payments, guaranteed to farmers for this year's crops.
Corn farmers will receive 35 cents per bushel. Growers who accepted partial payments in October 2005 and in February already have been paid 28 cents per eligible bushel so their final payment will be seven cents.
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