Friday, April 17, 2020

Trump announces $19B program to help agriculture sector

President Trump on Friday announced a $19 billion program to help the struggling agriculture sector and distribute food to families in need amid the economic toll of the coronavirus pandemic. The U.S. Department of Agriculture (USDA) will purchase crops and livestock from farmers and ranchers facing a steep decline in orders and massive supply chain disruption. Funding will come from the $2.2 trillion coronavirus economic relief bill and separate USDA funds to support commodity prices. USDA will offer $16 billion in direct grants to farmers and ranchers to compensate for short-term drops in demand and oversupply driven by the coronavirus pandemic. The department will also purchase $3 billion in fresh produce, dairy, and meat to distribute to food banks, community organizations, and other service non-profits. “These are great people, great Americans,” Trump said after announcing the program during a Friday briefing at the White House. “Never complain—they just do what they have to do.” Trump announces $19B program to help agriculture sector © The White House President Trump on Friday announced a $19 billion program to help the struggling agriculture sector and distribute food to families in need amid the economic toll of the coronavirus pandemic. The U.S. Department of Agriculture (USDA) will purchase crops and livestock from farmers and ranchers facing a steep decline in orders and massive supply chain disruption. Funding will come from the $2.2 trillion coronavirus economic relief bill and separate USDA funds to support commodity prices. USDA will offer $16 billion in direct grants to farmers and ranchers to compensate for short-term drops in demand and oversupply driven by the coronavirus pandemic. The department will also purchase $3 billion in fresh produce, dairy, and meat to distribute to food banks, community organizations, and other service non-profits. “These are great people, great Americans,” Trump said after announcing the program during a Friday briefing at the White House. “Never complain—they just do what they have to do.” The coronavirus food aid programs comes as the economic collapse and social upheaval driven by the pandemic snarl grocery supply lines and create drastic imbalances across the food industry. As restaurants and schools across the U.S. shutter and millions of Americans are forced to cook a greater portion of meals themselves, farmers are struggling sell certain products and distributors are scrambling to redirect food quickly. Some farmers have been forced to let produce rot in the field or dump oversupplies of milk, while COVID-19 breakouts in meat processing plants have raised concerns about meeting the growing demand for store-ready beef, pork and chicken...MORE

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