The White House tweeted out the news of the Farm Act on Wednesday morning.
The bill passed the House of Representatives in a vote of 419-0.
It’s the largest farm bill passed in the history of the United States.
Obama said in a tweet he signed into law the farm bill as the “final deadline approaches.”
The bill includes: $1 trillion for the National Agricultural Statistics Service (NAS) for a new, streamlined, and efficient system for data collection and dissemination of agricultural statistics.
The legislation directs the NAS to conduct the first comprehensive, nationwide study of farm productivity since its inception in 1947.
The Farm Bill includes $1,000 for each child in the U.S. who is in foster care.
It also funds $500,000 a year for every state to offer free or reduced price preschool to low-income children.
It extends a $1 billion farm security fund for two years.
President Donald Trump also tweeted about the bill, writing, “The Farm bill is a great bill.
It has the largest agricultural bill in history, the biggest farm security and food security bill in the country.
House Speaker Paul Ryan, R-Wis., also tweeted, “Today I signed into Law the #FarmBills farm bill that helps millions of American families, but more importantly, it puts America first.
#TheFarmBill,” adding, “We can’t let this pass.
I urge my colleagues to take action to end this waste and fraud.”
Democrats have criticized the bill as a giveaway to agribusiness.
House Agriculture Committee Chairman Jim Jordan, R