Mar. 29 at 5:58 PM
Donald Trump announced a
$12B aid package for the U.S. agricultural sector amid rising fuel and fertilizer costs linked to the Iran conflict.
He also unveiled “OnlyFarms”, a government-run interactive website designed to show state-level savings from his trade policies. The initiative was presented during a White House event with U.S. farmers.
The plan includes:
Over
$10B in additional support, funded by tariffs on imports
Expanded loan guarantees (75% → 90%) for small agricultural businesses
Policies benefiting producers of crops, seeds, and livestock (beef, pork, poultry)
Emphasis on eliminating inheritance tax burdens for family farms
Trump also criticized Joe Biden, blaming his administration for a shift from an agricultural trade surplus to a
$50B deficit, citing weak trade deals and environmental policies affecting livestock production.
$DBA $MOO $WEAT $CORN $SOYB