1 month ago

Trump administration seeks $11.1 billion farm aid

Trump administration seeks $11.1 billion farm aid
Trump administration seeks $11.1 billion farm lifeline · thehansindia.com

The Trump administration has asked Congress for $11.1 billion to help American farmers.

This money is needed because farming costs have gone up a lot, and farmers are making less money.

The plan includes $10 billion to help farmers in 2026 and $1.1 billion to help them recover from a bad winter freeze.

Farmers are struggling because things like seeds, fertiliser, and fuel cost more, and their income has dropped by $90 billion in just one year.

Some farmers are even losing money on every crop they grow.

Lawmakers are also worried about other disasters like droughts and too much rain, which aren't covered in the current plan.

The administration says things are starting to get better, with a smaller trade deficit and new trade agreements.

Key facts

Total Requested Assistance
$11.1 billion
Temporary Economic Assistance
$10 billion
Disaster Recovery Fund
$1.1 billion
Farm Income Decline
$90 billion (2023-2024)
Agricultural Trade Deficit
$50 billion
Projected 2026 Losses per Acre
Corn: $131, Cotton: $342, Wheat: $114, Soybeans: $80
Farms Lost in the Past Decade
200,000
Trade Deficit Reduction
42% in one year
New Trade Agreements
19

Quotes

Brooke Rollins

U.S. Agriculture Secretary

““This supplemental is so important. It provides a bridge and extends a hand to Americans who need it,””
thehansindia.com
““Farmers and ranchers are facing production costs that exceed market returns.””
thehansindia.com

Sources

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