Beleaguered this year by complaints about the effects of tariffs, high input costs, low prices and poor trade prospects, the Trump administration rolled out a long-anticipated aid package Monday.
President Trump, USDA Secretary Brooke Rollins, Treasury Secretary Scott Bessent, U.S. lawmakers and farmers from 8 states were present for the announcement of $12 billion available in one-time bridge payments to farmers.
Tariff revenue is being used to fund the payments, which the administration said is in response to “temporary” trade market disruptions and increased production costs still impacting farmers, “following four years of disastrous Biden Administration policies that resulted in record high input prices and zero new trade deals.”
Up to $11 billion will be used for the Farmer Bridge Assistance (FBA) Program, which provides broad relief to row crop farmers who producing barley, chickpeas, corn, cotton, lentils, oats, peanuts, peas, rice, sorghum, soybeans, wheat, canola, flax, mustard, rapeseed, safflower, sesame and sunflower.