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World

US to launch $8 billion support program for farmers to offset diesel costs, Trump says

  • Trump and the Republican Party have been scrambling ‌to ⁠maintain support in farm states with competitive Senate races as costs have risen
Published Updated
Photo: Reuters
Photo: Reuters
By

PARK CITY: President Donald Trump said on Monday the US Department of Agriculture will launch what he called a new “harvest fuel relief program” that will provide farmers with $8 billion in support to ​offset diesel costs during the harvest season.

“Tonight, I’m also pleased to announce that the Department ​of Agriculture will be launching a new harvest fuel relief program, providing our ⁠farmers with $8 billion in support to offset diesel costs during this harvest season,” Trump said ​in a midterm election campaign speech in Kansas.

The announcement was the latest in a series of financial promises and ​pledges that the Republican leader has made to voters heading into the November midterm elections, where control of Congress is at stake.

The Republican Party currently has a narrow majority in both the Senate and the House of Representatives. ​However, Trump’s approval rating has been low due to his handling of the high cost of living ​for Americans during the US-Israeli war on Iran that has raised fuel prices.

Trump and the Republican Party have been scrambling ‌to ⁠maintain support in farm states with competitive Senate races as costs have risen.

Trump signed an executive order earlier this month that he said would expand access to tax-exempt diesel.

The Department of Agriculture said, after Trump’s speech on Monday that it would make $8 billion available “for one-time payments to American farmers this harvest ​season to provide relief during ​temporary market disruptions ⁠and increased input costs.”

The program will provide what the department called “proportional support to producers using a uniform formula to cover a portion of modeled losses ​during the 2026 crop year.”

The $8 billion in payments would be administered by ​the department’s ⁠Farm Service Agency, the department said.

Trump has also separately proposed sending $5,000 checks to all adult citizens if Republicans keep control of the House and Senate in the midterms, though analysts, economists and even some ⁠Republicans in ​Congress have reacted with skepticism.

Earlier this month, Trump said the ​US government would send a one-time payment of $90 to more than 20 million Americans enrolled in Medicare, a health insurance program ​for the elderly.

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