{"id":143431,"date":"2020-04-18T17:20:54","date_gmt":"2020-04-18T17:20:54","guid":{"rendered":"https:\/\/www.bnreport.com\/trump-announces-19-billion-relief-program-for-farmers-ranchers\/"},"modified":"2020-04-18T17:20:54","modified_gmt":"2020-04-18T17:20:54","slug":"trump-announces-19-billion-relief-program-for-farmers-ranchers","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/trump-announces-19-billion-relief-program-for-farmers-ranchers\/","title":{"rendered":"Trump Announces $19 Billion Relief Program for Farmers, Ranchers"},"content":{"rendered":"

President Donald Trump, on Friday, announced a $19 billion relief program for those in the agriculture industry who are economically impacted by the COVID-19 pandemic.<\/p>\n

The COVID-19 Food Assistance Program includes $16 billion in direct payments to farmers, ranchers and producers, and $3 billion for the United States Department of Agriculture (USDA) to purchase fresh produce, dairy, and meat products from the farmers to redistribute through community food banks and other non-profits and faith-based organizations, Agriculture Secretary Sonny Perdue said.<\/p>\n

\u201cHaving to dump milk or to plow under vegetables ready to market is not only financially distressing, but its heartbreaking as well to those who produce that,\u201d Perdue said at a press conference on Friday. \u201cThis program will not only provide financial relief to farmers and ranchers but will allow the purchase and distribution of agricultural abundance in this country to help our fellow Americans in need.\u201d<\/p>\n

The USDA said in a statement<\/a> that it \u201cwill begin with the procurement of an estimated $100 million per month in fresh fruits and vegetables, $100 million per month in a variety of dairy products, and $100 million per month in meat products.\u201d<\/p>\n

Perdue said that $6.5 billion from the Commodity Credit Corporation (CCC), as well as $19.5 billion in CCP virus relief funding, will be used to speed up the direct payments, \u201crather than wait for the replenishment of the CCC funds in July.\u201d The CCC is a government corporation created in 1933 to support the domestic agricultural sector.<\/p>\n

\u201cUSDA will do everything in our power to implement this program as quickly and as efficiently as possible to help our farmers, ranchers, producers, and consumers during this time of need,\u201d Perdue said.<\/p>\n

Trump at the press briefing on the CCP (Chinese Communist Party) virus<\/a>, also known as the novel coronavirus, praised the resilience of farmers and ranchers.<\/p>\n

\u201cOur farmers, ranchers\u2014these are great people, great Americans. Never complain, they just do what they have to do,\u201d he said. \u201cThe USDA will receive another $14 billion in July to continue helping our farmers and ranchers. Its money well deserved.\u201d<\/p>\n

Related Coverage<\/strong>\"TrumpWhite House to Give $12 Billion in Aid to Farmers Hit by Tariffs<\/a>\"TrumpTrump Authorizes $16 Billion to Farmers Affected by Trade War<\/a><\/p>\n

\u201cNot only were they targeted at one point by China\u2014that was over a period of time\u2014and they never complained, but that worked out really well: $12 billion<\/a> they got and <\/a><\/p>\n

The Epoch Times<\/a><\/h5>\n

[contfnewc]
\n[contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"

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