White House to give $19B in farmer aid
President Donald Trump on Friday announced a $19 billion economic rescue package for farmers and ranchers that will include sending out cash payments as well as buying farm products and redistributing them to food banks.
Trump has counted farmers and rural voters among his most solid supporters, and he directed Secretary Sonny Perdue last week to speed through assistance to the agriculture sector as producers increasingly bleed profits and start dumping goods like milk and fresh produce.
Support from the industry could be crucial to the president’s reelection hopes this November in key Midwestern swing states like Wisconsin and Michigan. Yet influential sectors, including producers of biofuels like ethanol, are frustrated that they were excluded from the program.
The stimulus plan is the latest in a long string of recent ad hoc relief efforts for the agricultural economy. Trump has pulled out the stops to bail out farmers and ranchers stung by his own trade war and biofuel policies, in addition to long-term economic headwinds.
“The program will include direct payments to farmers as well as mass purchases of dairy, meat and agricultural produce, to get that food to the people in need,” Trump said during a White House press briefing.
https://www.politico.com/news/2020/0...mer-aid-193180
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