Summary
President Donald Trump plans to announce a $12 billion aid package to support American farmers. This plan aims to help farmers affected by low crop prices and trade conflicts, particularly with China. The aid is meant to help farmers with current and future crop planning.
Key Facts
- President Trump will unveil a $12 billion aid package for farmers.
- Most of the aid, $11 billion, will go to row crop farmers through direct payments.
- Another $1 billion is set aside for crops not covered by the main program.
- The agriculture sector has been affected by trade disputes, especially with China.
- The aid aims to help farmers with this year's market and future planning.
- Trump has given previous aid to farmers in 2019 and 2020, which included $22 billion and $46 billion, respectively.
- The aid program follows commitments from China to purchase U.S. soybeans but at lower quantities than promised.
- Treasury Secretary Scott Bessent and Agriculture Secretary Brooke Rollins will join the announcement.
