WASHINGTON - Expressing relief, lawmakers announced Thursday they had finally reached accord on a near $300 billion farm bill and would bring the long-delayed legislation to the House and Senate floors next week. It remains to be seen whether the bill will pass muster with the White House.

President Bush has said he would veto any bill that doesn't do enough to curb subsidy payments to already wealthy individuals. He specifically wanted an income cap of $200,000 for payments originally meant to offer farmers a safety net to withstand hard times.

Senate Agriculture Committee Chairman Tom Harkin, D-Iowa, said the bill "should pass with large margins in both houses. In addition, I think the bill goes much more than halfway to accommodate the president's wishes." But White House budget director and former Iowa congressman Jim Nussle said the president remained opposed to the compromise bill, the AP said.