US EditionWhat Trump's $12 billion farmer bailout package could mean for grocery prices
The $12 billion package includes $11 billion in one-time payments for row-crop farmers to stabilize food supply and limit grocery price increases, officials said.
- On Monday, President Donald Trump announced a $12 billion farm aid package at a White House roundtable in Washington to help farmers reeling from trade fallout and rising costs.
- After months of trade disputes, farmers across the U.S. have lost export demand over the past year amid tariff policies, following last month's rollback of tariffs on over 200 food products.
- Most of the funds—about $11 billion—will go to one-time payments for row crops like rice, soybeans, wheat and corn, while the remainder supports fruit and vegetable farmers and specialty crops via U.S. Department of Agriculture programs including the Farmer Bridge Assistance program.
- Rollins said applications will open in the coming weeks, with payments beginning by Feb. 28, adding `The plan we are announcing today ensures American farmers can continue to plan for the next crop year` to stabilize the U.S. food supply.
- Many economists warn that 94% surveyed in Farm Journal's Ag Economists' Monthly Monitor say agriculture relies too heavily on emergency aid, while University of Illinois studies question one-time payments' long-term stability.
28 Articles
28 Articles
Trump unveils $12B bailout for tariff-hit farmers
What happenedPresident Donald Trump Monday announced $12 billion in aid for farmers struggling with higher fertilizer and equipment costs and the loss of export markets — China, especially — tied to his trade war. He unveiled the bailout at a White House roundtable with farmers. Agriculture Secretary Brooke Rollins said $11 billion would be paid to producers of major row crops like corn, soybeans and wheat, with the other $1 billion set aside fo…
Trump’s $12 billion farmer bailout is a 'Band-Aid on a bigger wound' the American agriculture industry is still reeling from
"At the end of the day, the farmers, they just want to conduct business, not necessarily have to get these packages," one agricultural economist said.
Farmer Caleb Ragland Slams Trump's $12 Billion Bailout
American Soybean Association President Caleb Ragland dismissed President Donald Trump’s $12 billion bailout to farmers as a “band-aid on an open wound” during a CNN appearance. Ragland joined John Berman on Tuesday, where he called for major reforms in the president’s trade policies. “This is a band-aid on an open wound. And, again, we’re thankful that there’s something that will help keep some farms in business, but what we truly need are marke…
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