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Trump administration's $8 billion diesel aid for farmers will arrive after election, official says
Payments will be based on farmers’ average fuel use, and government aid to producers would reach a record $55.4 billion, officials said.
- On Friday, the Trump administration announced $8 billion in diesel aid for farmers, with disbursement scheduled after the November 3 election as part of broader relief from high fuel prices driven by the war in Iran.
- Rising fuel costs have hit farmers hard during harvest season, with the USDA's Economic Research Service projecting they will spend nearly $5 billion more on fuel than last year.
- The Commodity Credit Corporation will finance the package, a discretionary fund that previously distributed $12 billion in tariff relief, bringing total government payments to a record $55.4 billion.
- USDA official Richard Fordyce said payments will be calculated using fuel-expenditure models, though he acknowledged the exact timing remains "a little unclear at this point."
- Commodity farmers growing soybeans, corn, and rice qualify for payments based on fuel-expenditure models, while the agency collects data from other producers like fishermen without requiring receipts.
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Trump administration's $8 billion diesel aid for farmers will arrive after election, official says
The \u200bTrump administration's $8 billion in diesel aid for farmers \u200cwill be disbursed after the November \u20603 election, \u200ban administration official \u2060said on Friday.
·Salt Lake City, United States
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