President Trump on Friday announced a $19 billion program to help the struggling agriculture sector and distribute food to families in need amid the economic toll of the coronavirus pandemic.
The U.S. Department of Agriculture (USDA) will purchase crops and livestock from farmers and ranchers facing a steep decline in orders and massive supply chain disruption. Funding will come from the $2.2 trillion coronavirus economic relief bill and separate USDA funds to support commodity prices.
USDA will offer $16 billion in direct grants to farmers and ranchers to compensate for short-term drops in demand and oversupply driven by the coronavirus pandemic. The department will also purchase $3 billion in fresh produce, dairy, and meat to distribute to food banks, community organizations and charities. Continue reading.