
The President Donald Trump administration is preparing to announce a farm bailout of up to $15 billion to support U.S. growers hit by trade disputes and large harvests, sources told Reuters.
The rollout faces hurdles as the ongoing government shutdown blocks congressional approval and limits access to federal reserves. Farmers, a key political base for President Donald Trump, have been pressing for relief as China continues to reject U.S. soybeans and a record corn harvest weighs on prices.
Treasury Secretary Scott Bessent said last week that the White House would unveil the aid on Tuesday. Sources said the package, likely between $10 billion and $15 billion, would serve as temporary support for soybean and other commodity producers and could be followed by additional measures.
Trump has insisted that tariff income will fund the plan, but payments to farmers are legally capped at $350 million and can only be increased by Congress. Analysts say the administration may turn to the Commodity Credit Corporation, a USDA financing arm, though it remains underfunded during the shutdown.
During Trump’s first term, more than $23 billion was distributed to farmers through the same programme, according to the Government Accountability Office. A USDA spokesperson said the administration “will not leave farmers behind” and continues to assess the need for more assistance.
Farmers are already set to receive more than $40 billion in government support this year from disaster and economic aid approved by Congress.