MOSINEE, Wis. (NewsNation Now) — President Donald Trump announced a new round of pandemic assistance to farmers of about $13 billion at a campaign rally in Wisconsin on Thursday night, delivering aid to an important sector in a battleground state.
“Starting next week my administration is committing an additional … $13 billion in relief to help farmers recover,” Trump said.
Wisconsin is known for its milk and cheese industries, which have been hard hit by both trade conflicts with China and the COVID-19 pandemic, but the amount of assistance to farmers weeks before the vote was unexpected.
“America’s farmers and rural communities have paid a heavy price for President Trump’s tariffs,” Democratic nominee Joe Biden said in his plan for rural America.
The new aid program — which the agriculture department is expected to release details about on Friday — is tapping into the $14 billion in additional Commodity Credit Corporation funds that Congress agreed to prepay as part of the Coronavirus Aid Relief and Economic Security (CARES) Act, according to four sources familiar with the matter, Reuters reported.
Farmers are expected to be allowed to start applying for the new program on Monday, Reuters reported.
How much certain crops will receive is not known, but the program is set to make direct payments to producers of meat, dairy, grain, vegetables and other products.
The payments will be designed similarly to an earlier aid package: calculated based on yields of crops and the impact the coronavirus pandemic had on the price of the commodities.
On the other side, Biden’s plan for agriculture includes: “a trade policy that works for American farmers,” doubling a loan program for beginning farmers, antitrust regulation with big farm companies and focus on making American agriculture the first in the world to achieve “net-zero emissions.”
Trump in April announced a $19 billion relief program to help U.S. farmers cope with the impact of the virus, including $16 billion in direct payments to producers and mass purchases of meat, dairy, vegetables and other products.
That came on the heels of $28 billion in trade aid given to the farm sector over 2018 and 2019.
A government watchdog agency said on Monday the 2019 aid favored farmers from the U.S. Southeast, primarily those growing crops like cotton or sorghum, over those in other parts of the country.
China’s demand for U.S. corn and soybeans has been strong in recent weeks, boosting prices, and it is also importing more meat.
Steve Holland and P.J. Huffstutter from Reuters contributed to this report.
