Up to $11 billion of the help package deal will likely be allotted for an help program for farmers producing row crops, resembling corn, wheat and soybeans, by means of a Farmer Bridge Assistance program.
Those funds will transfer by Feb. 28, 2026, Agriculture Secretary Brooke Rollins stated at a roundtable with the president and Treasury Secretary Scott Bessent, however farmers will likely be knowledgeable how a lot they'll obtain earlier.
The different $1 billion will likely be reserved for farmers of different specialty crops, Rollins stated, with Politico reporting this might embrace producers of crops like fruit and vegetable.
Rollins stated the bridge funding was mandatory as a result of the “farm economy is facing a crisis that we inherited,” blaming the hardships confronted by farmers on the Biden administration’s insurance policies, together with not signing new commerce offers.
Trump additionally stated the administration was planning to cut back environmental laws on farming tools, resembling that produced by John Deere—insisting tractors and different equipment are getting too costly and “it doesn’t do anything but make the machines break all the time.”
The funds will likely be licensed by the Commodity Credit Corporation Charter Act, Bloomberg reported, and won't require the administration to hunt congressional approval to make use of tariff income to fund the bailout.
Trump repeatedly related the funds to tariff revenue, insisting “this money would not be possible without tariffs.”
Trump will announce the help package deal at a spherical desk with Treasury Secretary Scott Bessent, Agriculture Secretary Brooke Rollins and members of Congress, in response to the stories.
Earlier this 12 months, soybean farmers bore the brunt of Trump’s tariff coverage when China abruptly slashed their U.S. soybean purchases to zero as the 2 international locations struggled to resolve a commerce dispute over uncommon earth minerals. China was beforehand the most important single purchaser of American soybeans, and bought about half of the U.S.’ $24.5 billion soybean crop in 2024. The Trump administration has been weighing choices to handle the disaster because the commerce dispute started, together with a reported plan to make use of tariff income for a barely smaller bailout. China started importing American soybeans once more in October forward of a gathering between Trump and Chinese President Xi Jinping. After Trump struck a deal with Xi Jinping later the identical month, the president claimed China would resume buying “massive amounts” of soybeans and different crops. Although the Trump administration stated China would purchase 12 million tons of soybeans earlier than the tip of the 12 months, the nation has not come near assembly that mark as of late November, Reuters reported.
About 60%. That’s how a lot farm bankruptcies rose within the first half of 2025 in comparison with the earlier 12 months, the Washington Post reported citing knowledge from court docket information. A complete of 181 farms throughout the nation filed for chapter within the first two quarters of the 12 months, in comparison with 115 throughout the identical two quarters in 2024.
In an announcement to Forbes, the White House blamed the Biden administration for the current elevated hardship for farmers. “Farmers suffered for years under Joe Biden, who increased the United States’ trade deficit to over $1.2 trillion, raised input costs, pushed woke DEI agricultural policies, and more,” White House spokesperson Anna Kelly stated in an announcement. “Today’s announcement reflects the President’s commitment to helping our farmers, who will have the support they need to bridge the gap between Biden’s failures and the President’s successful policies taking effect,” Kelly stated.
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