Trump’s Second U.S. Farm Aid Package Expected To Total As Much As $20 Billion

According to a report by Reuters, on Wednesday, the US agriculture secretary said that the Trump administration’s second package of aid for US farmers hit by the trade war with China is expected to total 15 billion-dollars to 20 billion-dollars and involve direct payments. Agriculture Secretary Sonny Perdue said that the US Department of Agriculture is still finalizing the plan, which is expected to prioritize hog and soybean farmers, the products most affected by the ongoing trade dispute between China and the United States. Perdue reportedly said on a conference call, “Currently we are working out the details of the source of the funds which we assume will be similar to … last year with the Commodity Credit Corporation.”