President Donald Trump will propose a $12 billion aid package for U.S. farmers affected by tariffs and rising costs tied to the trade war with China, according to Audacy. The plan, expected to be announced Monday at a White House roundtable with Treasury Secretary Scott Bessent and Agriculture Secretary Brooke Rollins, would allocate about $11 billion to USDA’s Farmer Bridge Assistance program for one-time payments to row-crop producers, with the remainder for other crops.
Soybeans and sorghum were among the hardest hit commodities as farmers faced weak export demand and higher input costs. China has purchased roughly 2.8 million metric tons of U.S. soybeans since October — far below the 12 million metric tons the administration said Beijing pledged. Prior federal farm support during President Trump’s first term totaled $22 billion in 2019 and nearly $46 billion in 2020.
The DX Brief
- $12B aid package aimed at farmers impacted by tariffs, inflation, and market disruptions
- USDA’s Farmer Bridge Assistance program would distribute ~$11B in one-time payments to row-crop farmers
- Announcement planned at White House roundtable with Treasury Sec. Scott Bessent and Agriculture Sec. Brooke Rollins
- China has purchased ~2.8M metric tons of U.S. soybeans vs. at least 12M pledged; soybeans and sorghum cited as hardest hit
Read the full article at Audacy KRLD
