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Trump Announces $19 billion relief package for farmers amid coronavirus pandemic
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President Donald Trump announced a $19 billion bailout package for farmers hurt financially by the coronavirus crisis. The aid plan includes $16 billion in direct payments to farmers to boost their incomes, along with $3 billion in government purchases of meat, dairy products and other foods, the president said Friday at a White House briefing.
The Agriculture Department will receive another $14 billion in July for further assistance. “This will help our farmers and our ranchers, and it’s money well deserved," Trump said.
The combination of direct payments to farmers and bulk government purchases of commodities parallels the approach the Trump administration followed in its $28 billion agriculture trade bailout over the past two years.
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COVID-19
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