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Economy

How U.S fights COVID-19 economically

adminBy adminApril 19, 2020No Comments1 Min Read
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Trump’s $19 billion relief package for farms hurt by coronavirus includes payments for farmers

COURTNEY SUBRAMANIAN AND JOHN FRITZE | USA TODAY
April 17, 2020

WASHINGTON – President Donald Trump announced a new $19 billion relief package on Friday to assist American farmers who have been financially hurt by the coronavirus outbreak.

The aid package includes a mass government purchase of $3 billion in dairy, produce and meat products and $16 billion in direct payments to farmers and ranchers to bolster their income, according to Department of Agriculture Secretary Sonny Perdue.

“This will help our farmers and our ranchers and it’s money well deserved,” Trump told reporters at a press conference at the White House Friday.

Perdue said while the aid program is not enough to address farmers’ losses, the Agriculture Department will receive an additional $14 billion boost to help them recoup economic losses in July.

https://www.usatoday.com/story/news/politics/2020/04/17/coronavirus-trump-announces-19-billion-farmer-relief-package/5157365002/

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