(FinancialHealth.net) – The COVID-19 pandemic has hit the US economy hard. The agricultural industry, in particular, is suffering. Fortunately, this hasn’t gone unnoticed by President Donald Trump and he is stepping in to help.
On May 9, Trump announced the federal government will be purchasing $3 billion in agricultural products.
Starting early next week, at my order, the USA will be purchasing, from our Farmers, Ranchers & Specialty Crop Growers, 3 Billion Dollars worth of Dairy, Meat & Produce for Food Lines & Kitchens. “FARMERS TO FAMILY FOOD BOX” Great news for all! @SecretarySonny @ZippyDuvall
— Donald J. Trump (@realDonaldTrump) May 9, 2020
That isn’t the only aid the president is offering farmers. On May 8, the US Department of Agriculture said they’d approved contracts worth $1.2 billion for the Farmers to Families Food Box Program. The money will help provide excess food from farms to struggling Americans.
The help from the president couldn’t come soon enough. Produce growers all over the country have been forced to let their crops rot. Owners of dairy farms are literally pouring milk down the drain. Farmers could lose upward of $20 billion in income in 2020, so they can use every bit of help offered to them.
~Here’s to Your Financial Health!
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