Trump Planning $12 Billion Aid Package For Farmers—Here's What We Know

Core Viewpoint - President Trump is set to announce a $12 billion aid package aimed at providing financial assistance to farmers affected by the administration's tariff policies, particularly those producing row crops like soybeans [1][4]. Group 1: Aid Package Details - Up to $11 billion of the aid will be allocated for a Farmer Bridge Assistance program specifically for farmers of row crops, including corn, wheat, and soybeans [1][2]. - The remaining $1 billion will be designated for farmers of other crops, such as fruits, vegetables, and specialty crops [2]. - The funding will be authorized under the Commodity Credit Corporation Charter Act, allowing the administration to utilize tariff revenue without needing congressional approval [2]. Group 2: Background Context - Soybean farmers have been significantly impacted by Trump's tariff policies, particularly after China ceased U.S. soybean purchases amid a trade dispute [4]. - China was previously the largest buyer of American soybeans, purchasing approximately half of the U.S.'s $24.5 billion soybean crop in 2024 [4]. - Although China resumed importing American soybeans in October, the actual purchases have not met the expected volume, with a reported target of 12 million tons by year-end remaining unfulfilled as of late November [4].