United States President Donald Trump announced on Monday August 12 a $12 billion program to help small and medium-sized farmers affected by the trade war with China and inflation.
The financial aid plan was presented at the White House, alongside Agriculture Secretary Brooke Rollins, Treasury Secretary Scott Bessent and Republican lawmakers from states with strong agricultural markets.
“This aid will provide much-needed security to farmers as they market this year’s crops and prepare for next year’s crops,” Trump said at a White House event.
According to the Agriculture Secretary, $11 billion will be used for one-time payments to extensive crop farmers, while $1 billion will be dedicated to specialty crops. The aid is expected to be disbursed by the end of February.
The United States Department of Agriculture (USDA) will calculate the value of assistance based on production costs per acre (which is equivalent to approximately 4,000 square meters) for each crop type.
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Payments will be limited to US$155,000 per rural property or producer, and only entities with annual revenues of no more than US$900,000 will benefit, excluding large commodities.
Farmers make up a significant part of President Donald Trump’s support base, but they have also been one of the groups hardest hit by the Republican’s tax policies. The main impact was on soybean producers, as China reduced purchases from the United States after tariffs were raised, benefiting Brazil, which began supplying more soybeans to the Asian country.
The total value of the aid package, 12 billion reais, is similar to the total value of U.S. soybean exports to China in 2024.
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