Trump Announces Additional $19 Billion In Aid For American Farmers

American farmers have been hit particularly hard by the Coronavirus crisis.

In response, Trump has announced additional stimulus aid for farms. This is also about keeping food on American tables.

Reuters reports:

U.S. announces $19 billion coronavirus aid for farmers, food buys for poor

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President Donald Trump on Friday announced a $19 billion relief program to help U.S. farmers cope with the impact of the coronavirus, including $16 billion in direct payments to producers and mass purchases of meat, dairy, vegetables and other products.

The U.S. Agriculture Department is partnering with regional and local distributors to purchase $3 billion in such farm goods to be distributed to food banks, churches and aid groups as millions of Americans face unemployment with much of the economy shut down.

“American agriculture has been hard-hit, like most of America, with the coronavirus, and President Trump is standing with our farmers and all Americans to make sure that we all get through this national emergency,” Agriculture Secretary Sonny Perdue said at a White House news conference.

The agency said it will make monthly purchases totaling about $100 million each of fresh produce, dairy products and meat products. Perdue said USDA will work with companies like Sysco Corp (SYY.N) to help procure, package and distribute food boxes…

Farmers and ranchers have struggled to get their goods to market because of disruption caused by the pandemic, forcing some to throw out food and call for government help.

Trump discussed this during his presser on Friday.

We will get through this.

 

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