From BigGo Finance · BigGo Finance · · 1m
Trump Announces $8 Billion Farm Fuel Aid
Trump launches $8 billion fuel relief for farmers as diesel hits $6.31/gallon.
In brief
Trump launches $8 billion fuel relief for farmers as diesel hits $6.31/gallon. Trump's $8 billion Harvest Fuel Relief Program helps farmers offset diesel costs during fall harvest as prices reach $6.31 per gallon. Originally reported by BigGo Finance.
Trump Announces $8 Billion Aid
President Trump announced an $8 billion Harvest Fuel Relief Program to help farmers offset diesel costs during fall harvest.
“our Farmers with 8 BILLION DOLLARS in support to offset Diesel costs during this Harvest Season”
Diesel Prices Near Record
Diesel trades near $6.31 a gallon after September record, lifted by Middle East and Ukraine conflicts.
Program Administered by FSA
Payments will be one-time and administered by Farm Service Agency with rates due in November.
Extends Previous Farm Aid
The package extends $12 billion Farmer Bridge Assistance to 560,000 producers and $14 billion ARC/PLC support.
Trump Credits Roger Marshall
Trump credited Republican Sen. Roger Marshall of Kansas with helping move the initiative forward.
Fuel Policy Shifts
Administration lifted restrictions on red-dyed diesel for highway vehicles and tied fuel prices to Iran conflict resolution.
“Fuel prices will come tumbling down as soon as the Iran War is over, which will happen very quickly!”
The one thing
Trump's $8 billion Harvest Fuel Relief Program helps farmers offset diesel costs during fall harvest as prices reach $6.31 per gallon.
