Trump to Unveil Multibillion‑Dollar Farm Aid as China Curtails U.S. Purchases
The Trump administration is preparing to unveil a multibillion‑dollar farm aid package—reportedly up to $10 billion—potentially as soon as Tuesday, Oct. 7, 2025, with President Trump saying, “I’m going to do some farm stuff this week.” Farmers, especially soybean growers, say they are facing steep losses (“I’m in the worst shape right now”) after China drastically scaled back purchases of U.S. crops and tariffs have pushed up input costs like fertilizer and equipment.
Agriculture
Politics
Economy
📌 Key Facts
- The administration is expected to unveil a multibillion-dollar farm aid package imminently—possibly as soon as Tuesday, Oct. 7, 2025; CBS reported the administration "could announce" a multi‑billion package "this week."
- The aid is being presented as a response to China drastically scaling back purchases of U.S. crops this year.
- President Trump said, "I’m going to do some farm stuff this week."
- CBS on‑camera interviews with soybean farmers show immediate financial distress, including the quote: "I'm in the worst shape right now."
- Reports note that tariffs have raised farmers' input costs (including fertilizer and equipment), compounding the damage from reduced Chinese purchases.
📰 Sources (3)
Trump to Unveil Farmer Aid as China Shuns U.S. Crops
New information:
- Administration expected to unveil a multibillion-dollar farm aid package imminently—"as soon as Tuesday" (Oct. 7, 2025).
- Direct quote from President Trump: "I’m going to do some farm stuff this week."
- Framing that China has "drastically scaled back purchases" of U.S. crops this year and that tariffs have pushed up input costs for farmers (fertilizer, equipment).
Soybean farmers face steep losses: "I'm in the worst shape right now"
New information:
- CBS video includes on‑camera interviews by Lana Zak with soybean farmers expressing immediate financial distress, including the quote: "I'm in the worst shape right now."
- CBS reports timing detail that the administration 'could announce' a multi‑billion dollar package 'this week' (adds immediacy to prior reports).