The U.S. Department of Agriculture says farmers and ranchers who suffered heavy livestock and grazing losses due to extreme weather in the past three years have been quick to take advantage of newly available disaster relief funds.
The agency said in a progress report released Wednesday that it has distributed more than $1 billion in relief funds — a little less than half the overall amount predicted in the recently passed farm bill — in just over three months.
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The USDA says it has processed and delivered more than 106,000 payments to farmers in 40 states as of July 2.
The agency estimates it will spend $2.5 billion overall on disaster relief cases from 2011 to 2014.