President Obama signs Farm Bill into law

By WEEK Producer

President Obama signs Farm Bill into law

February 7, 2014 Updated Feb 7, 2014 at 4:52 PM CDT

President Obama traveled to Michigan State University to sign the new Farm Bill into law.

The president hailed the bill as a symbol of bi-partisan cooperation which will boost both rural communities and food exports, an industry he said employs one million Americans.

The bill also funds a host of conservation and food production research, which the president saw up close as he toured a bio-technology research lab.

The ten year farm bill will cost about $1 trillion, but it cuts direct payments to farmers in lieu of crop insurance subsidies.

It also cuts food assistance by about $8 billion, a program which the President defended as necessary help to struggling families.

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