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What Does the $12B Farmer Bailout Mean for Producers?

Reference: Farmers Business Network

The Trump administration announced a new Farmer Bridge Assistance (FBA) Program, informally known as the farmer bailout package or farmer aid program, earlier this week to provide direct economic relief to the U.S. ag sector.

With a $12 billion budget, the FBA program is designed to quickly distribute funds to the hardest-hit commodity groups. Up to $11 billion will be allocated for direct payments to row crop farmers, with an additional $1 billion reserved for specialty crop farmers.

The funding will come from government revenue raised through U.S. tariffs.

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