Mar. 27 at 7:32 PM
Donald Trump called on major agricultural equipment manufacturers to reduce costs for farmers, specifically naming Deere & Co, CNH Industrial, and Caterpillar. Speaking at a White House event, he emphasized that large industry players should pass efficiencies on to farmers through lower prices on tractors and equipment.
The push comes as part of a broader effort to ease financial pressure on rural communities. Trump announced that the U.S. Small Business Administration will expand loan guarantees for farmers and food suppliers, improving access to credit across the sector.
He also outlined updates to renewable fuel standards aimed at supporting agricultural demand, particularly for biofuels, and said his administration would seek additional financial assistance for farmers from Congress, signaling a multi-pronged approach to bolster the farm economy.
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