Posted on 10/03/2025 9:54:11 AM PDT by DFG
The Trump administration is planning to roll out the first tranche of bailout payments for farmers in the coming weeks, likely using billions of dollars in funding from an internal USDA account, according to three people with direct knowledge of the matter.
But it won’t be enough: USDA’s Commodity Credit Corporation fund — which President Donald Trump previously tapped to provide $28 billion in farm aid during his first-term trade war with China — has just $4 billion left in the account. Trump officials, including those at the Treasury Department, are looking at how to tap tariff receipts or other funding to supplement the payments without triggering a messy fight in Congress.
The timing of the actual aid rollout is also tricky given that it’s unlikely to happen or even be possible during the ongoing government shutdown that’s shuttered vast swaths of the Agriculture Department.
Trump officials are still working on estimates of how big the first tranche of aid will be, according to the three people, who were granted anonymity to share private details. But the president has been posting his promises to aid American soybean farmers on social media in recent days.
Hill Republicans have been pushing Agriculture Secretary Brooke Rollins and other Trump officials for weeks to do something to aid farmers reeling from high input costs and the president’s tariffs, which have cut off American soybean farmers’ key markets in China as Beijing retaliates.
Trump has said he would use tariff revenue to provide cash bailouts to farmers, but Congress would likely need to vote to authorize such a move, triggering a major fight between Republicans and Democrats amid already dire government spending conversations.
GOP lawmakers could also move to refill the internal USDA fund in their government funding fight later this fall, but that too will be a battle with Democrats.
Hill Republicans have been quietly working on their own proposal to find additional funding for the farm bailouts, according to four other people with direct knowledge of the matter. Some Republicans estimate they will eventually need to provide $35 billion to $50 billion in aid to farmers hit by Trump’s tariffs.
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They aren’t being hit by Trump’s tariffs.
They’re being hit by Chinese retaliation for Trump’s equalization and protective tariffs, which are necessary due to Chinese currency manipulation and dumping. So it’s just one more piece of the Chinese trade cheating agenda that is doing this to the farmers.
If China played the game straight up, it wouldn’t happen.
Is there a bit of snark here, or is it just me?
, likely using billions of dollars in funding from an internal USDA account,
Seeing is believing...
You are reading the article correctly. Sad to say Politico seems more gleeful to criticize the president than writing an article about how our farmers will benefit from the promise Trump made to them.
I’d be okay with some of my tax dollars going to small family farmers. But to the big conglomerates with all their lawyers and lobbyists… eh, not so much.
Yeah, I know that’s probably not fair.
But yet Politico condoned Obama’s bailouts of wind and solar. STFU hypocrites.
Farmers shouldn’t be growing food for red China in the first place. Hopefully this is a one time deal and they either grow food for Americans or just close up shop so we won’t have to use “slave” labor anymore to pick food no one wants
Perhaps in each calendar year $X of Trump-listed Chinese things could come in tariff-free if the Chinese have bought and paid for $X of US soybeans starting from September 1 of the previous year and going to August 31 of the calendar year.
Soybeans aren’t hand picked.
OMG! THIS is worse than giving it to NGOs!-)
Good
No their being hit by the China Trade War and now China is buying from Argentina and Brazil.
China is also reorienting its currency to being backed by Gold just like Russian has, we are the ones that will suffer as BRICS and the rest if the world pivot to Eurasia and Asia.
“But it won’t be enough”
- politico
OK...
Why is hamburger 6 dollars a pound?
Why are not great steaks 10 dollars a pound?
Why is bread 3.75 for a loaf?
They (the government) are trying to starve us out!!!
I don’t care who the president is!
Do Something!!!
Do you understand that our farmers grow huge surpluses and we sell that overseas.
Back in the 1970’s we were doing the same with the Soviet Union and many other places. We sell all manner of crops overseas including rice.
Bidenflation, it's not reversible.
Well No Farmers , No Food
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