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      Farm Bill to be signed by President Obama

      The White House says President Barack Obama will sign a nearly $100 billion-a-year farm bill on Friday in Michigan, the home state of Senate Agriculture Chairwoman Debbie Stabenow.

      The Senate passed the bill 68-32 after House passage last week.

      The bill provides a financial cushion for farmers who face unpredictable weather and market conditions. It also provides subsidies for rural communities and environmentally-sensitive land. Recipients include Southern peanut growers, Midwest corn farmers and the maple syrup industry in the Northeast.

      The nation's 47 million food stamp recipients will also be covered. The overall cost of the program will be cut by $800 million a year, or around 1 percent. That's a compromise. House Republicans pushed through a bill in September that would have made a cut to food stamps that was five times more than the eventual cut.