Dan Duffy makes use of a tractor to plant soybeans on land he farms along with his brother on April 28, 2025 close to Dwight, Illinois.
Scott Olson/Getty Pictures North America
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Scott Olson/Getty Pictures North America
The Trump administration is saying $12 billion in one-time funds to farmers within the wake of this 12 months’s tariff hikes, in keeping with the White Home.
The funds are focused at row crop farmers and will likely be introduced throughout a roundtable occasion hosted by President Trump Monday, that includes farmers affected, Treasury Secretary Scott Bessent and Agriculture Secretary Brooke Rollins, stated a White Home official talking on background as a result of they weren’t approved to talk on the document.
The transfer comes because the administration seems to be to placate financial considerations from key Trump constituencies because the tariff results play out but additionally on the heels of a attempting few years for row crop farmers.
“President Trump helps our agriculture business by negotiating new commerce offers to open new export markets for our farmers and boosting the farm security internet for the primary time in a decade. As we speak’s announcement displays the President’s dedication to serving to our farmers, who can have the assist they should bridge the hole between Biden’s failures and the President’s profitable insurance policies taking impact,” stated White Home spokeswoman Anna Kelly.
The cash will likely be coming from the USDA’s Commodity Credit score Company, which Trump additionally used to present farmers financial assist in his first time period.
This can be a growing story and will likely be up to date.
