Friday, June 26, 2026

Trump asks for $11 billion for farmers


 

United States President Donald Trump is asking Congress to add $11 billion to the $12 billion already allocated for income support subsidies to farmers.


Ten of the $11 billion would go to producers of row crops and specialty crops to compensate for cost increases related to his war on Iran.


If politicians approve the request total direct federal payments to American agricultural producers are projected to hit an unprecedented 55.4 billion dollars this year. 


That would represent a third of projected net income for the year, said the United States Department of Agriculture.

Maybe Canada could raise the possibility of countervailing duties to these subsidies if CUSMA trade talks stall.