Trump announces USD 19 bn relief for farmers amid COVID-19 epidemic

Image
AFP Washington
Last Updated : Apr 18 2020 | 5:38 AM IST

President Donald Trump has announced a USD 19 billion financial rescue package to help the agriculture industry weather the staggering economic downturn sparked by measures to defeat the coronavirus.

Trump told a press conference on Friday that the government "will be implementing a USD 19 billion relief program for our great farmers and ranchers as they cope with the fallout of the global pandemic."
The program will include direct payments to farmers, ranchers and producers who Trump said have experienced "unprecedented losses during this pandemic."
Perdue praised farmers, who have enjoyed billions of dollars in support payments over the past two years due to the impact of Trump's trade war with China, as "heroic."

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Apr 18 2020 | 5:38 AM IST

Next Story