Agriculture Secretary Brooke Rollins said the Trump administration’s economic aid package for farmers would come early this week, and Bessent reiterated the commitment Sunday on CBS’s “Face the Nation,” saying, “Agriculture is all about the future. You’ve got to start financing for planning next year, when things will be very good.”
USDA and the Office of Management and Budget previously readied between $12 billion and $13 billion for the package from taxpayer dollars in the agency’s Commodity Credit Corporation fund. Trump tapped the CCC fund for $28 billion in farm aid during his first-term trade war with China.
November’s continuing resolution replenished $13.95 billion for the CCC fund, which had only $4 billion remaining.
The bailout is expected to prioritize producers of soybeans, corn and other row crops who have experienced major financial blows and loss of market share in recent years. But specialty crop growers have been lobbying for inclusion in the aid package, saying they are also facing unprecedented economic challenges.
Specialty crop producers have allies in Congress who have also been pressing the administration to give the sector a carve-out, as Grace reported.
House Agriculture Chair G.T. Thompson (R-Pa.) told MA he spoke with officials at the White House and USDA on Tuesday to make the case to include those who produce specialty crops, such as citrus fruits and potatoes. “It will be not just … the traditional commodities. The specialty crops will have some relief as well,” Thompson said.
The White House and USDA did not respond to requests for comment.
Some lawmakers have also lobbied for small farms’ inclusion in the bailout.
Rep. Rosa DeLauro (D-Conn.) led a letter from 31 House Democrats to Trump and Rollins asking for a carve-out for small- and medium-sized farms, as well as specialty crop growers, on Nov. 20. The letter noted that high farm input costs and the rising cost of living are hitting small farmers particularly hard.
Many farmers, while emphasizing the urgency and necessity of a cash infusion, say it won’t be enough.
“I think it’s very difficult to say that a bailout could help all farmers,” said Mary Carroll Dodd, a North Carolina fruit and vegetable farmer. “I feel like we need long-term, sustainable solutions and not Band-Aids, like a bailout.”
Andy Jobman, a Nebraska corn and soybean farmer, echoed Dodd’s sentiment, saying, “Us farmers would much rather engage in an active marketplace that doesn’t rely on bailouts.”