Trump administration announces $12 billion farm aid package 

The Trump administration announced a farm aid package of $11 billion for basic crop commodities with an additional $1 billion being considered for specialty crops following ICBA advocacy. 

Details:  

• The Farmer Bridge Assistance Program is intended to assist farmers until higher reference prices established in the One Big Beautiful Bill Act kick in next October.  

• Agriculture Secretary Brooke Rollins said producers will know the level of assistance for their operations by the end of the year and payments will be made by the end of February.  

Recent ICBA Advocacy: ICBA and other groups in October urged President Donald Trump to provide financial assistance to farmers as a bridge until market demand for agricultural commodities boosts prices. ICBA also sent a letter to the Treasury and Agriculture departments urging the administration’s support for a farm aid package as large or larger than the $10 billion package adopted by Congress last year.   

Legislative Aid Possible: Congress may also consider other bills in coming months, such as one to advance a portion of next fall’s expected reference prices as provided for in the ICBA-supported Bridge the Gap for Rural Communities Act (H.R. 5710).