The administration of President Donald Trump will soon announce details of payments to farmers hurt by low crop prices and trade disputes, Agriculture Secretary Brooke Rollins said on Wednesday.
U.S. farmers have been saddled this year with record harvests and lost billions of dollars in soybean sales to China when the nation turned to South American suppliers this fall during stalled trade talks.
The administration had been expected to announce a farm bailout totaling as much as $15 billion in October. Rollins previously said the 43-day federal government shutdown delayed the rollout.
Stephen Vaden, the USDA’s deputy secretary, told reporters in a call on Monday that the agency is in the process of calculating how recent trade deals with countries including Pakistan and Japan could affect the farmer payments.
Bloomberg reported on Wednesday that details of the payments will be announced in early December, citing an interview with Rollins. The USDA did not immediately respond to questions about the timing.
During Trump’s first term, he paid farmers more than $23 billion for trade-related losses. Farmers have predominantly supported Trump in elections.
During the shutdown, SNAP benefits lapsed for the first time ever, forcing recipients to make sacrifices like forgoing medication to afford groceries.
Source: Reuters.com / Leah Douglas