Trump announces US$19 billion for US farmers hurt by coronavirus

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Trump announces US$19 billion for US farmers hurt by coronavirus
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WASHINGTON/CHICAGO (REUTERS) - President Donald Trump on Friday (April 17) announced a US$19 billion (S$27 billion) relief programme to help US farmers cope with the impact of the coronavirus pandemic, including US$16 billion in direct payments to farmers and ranchers and mass purchases of produce, meat and other products.. Read more at straitstimes.com.

WASHINGTON/CHICAGO - President Donald Trump on Friday announced a US$19 billion relief programme to help US farmers cope with the impact of the coronavirus pandemic, including US$16 billion in direct payments to farmers and ranchers and mass purchases of produce, meat and other products.

The USDA in a statement said it will partner with regional and local distributors to purchase US$3 billion in fresh produce, dairy and meat to be distributed for food banks, churches and aid groups. The decision comes amid rising pressure from the US farm lobby for government purchases as growers and ranchers struggle to get their goods to market because of disruptions caused by the pandemic, forcing some to throw out supplies.

Direct payments will be sent"as quickly as possible" to farmers and ranchers as farm commodity producers have experienced"unprecedented losses," Perdue said.

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