"Donald Trump announced on Monday $12bn in economic assistance to farmers, which he said would be drawn from tariff revenue. This relief will provide much-needed certainty to farmers as they get this year's harvest to market and look ahead to next year's crops, and it'll help them continue their efforts to lower food prices for American families, Trump said during a roundtable discussion of American agriculture."
"The program will send $11bn in one-time payments to row-crop farmers in bridge payments, while remaining funds will go to other crops in a plan to be worked out later, said agriculture secretary Brooke Rollins. The money will move by 28 February, she said. Farmers will know within a few weeks how much they can apply for, she added. The bailout comes as fallout from trade disputes with China and other countries over agricultural imports"
President Trump announced $12bn in economic assistance to farmers funded from tariff revenue. The program includes $11bn in one-time bridge payments to row-crop farmers, with remaining funds allocated to other crops under a later plan. Agriculture Secretary Brooke Rollins said funds will move by 28 February and farmers will know within weeks how much they can apply for. The aid responds to fallout from trade disputes with China and other countries and to a contested tariff process under Supreme Court review. China recently resumed soybean purchases after an October deal with Xi Jinping. The announcement cited tariffs, inflation and regulatory restrictions as pressures on farmers.
Read at www.theguardian.com
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