President Obama has signed a Farm Bill into law that gives a lot of hope to the embattled agricultural industry of the United States... but in so doing, the measure has cut food stamps given to many people, including low-income New Yorkers, who saw their food budget cut as high as $90 per month. 

The New York Times reports that the bill pumps almost a trillion dollars into the agricultural sector of the economy, which the President maintains is essential for the growth of the national economy. The President praised the American farmer as an essential staple of economic growth. "We've had the strongest stretch of farm exports in our history. We are selling more stuff to more people than ever before. What we grow here and what we sell is a huge boost to the entire economy, but particularly the rural economy," he said.

The bill comes after more than four years of bitter bickering on both sides about the bill. Many compromises were made -- the Republicans called for more than $40 billion to be cut from the food stamp program, but ultimately, only $8 billion was cut from the food stamp program. In addition, the bill replaces direct crop payments with an insurance program.

According to the New York Daily News, what that means for the food stamp program is about an $800 million cut per year, over the course of 10 years. Factored in for inflation, this means that the average New Yorker will experience about a $90 cut in food stamps per month. About 850,000 New Yorkers are currently on the food stamp program. 

But while the President praises the bill -- claiming that it helps families put food on the table while reducing the deficit (though he admits that the bill "includes things he didn't like to see"), some people are outraged by the cuts. Amongst them: Food Bank for NYC CEO Margarette Purvis, who took the President to task for not recognizing the needs of low-income New Yorkers. "Whatever the justifications being touted, we are left with the reality that hundreds of thousands of low-income families will face new hardship when they see their food assistance cut," Purvis said in a statement.