Trump Administration considers multibillion-dollar bailout for farmers

The agriculture industry has been hurt by the ongoing trade war.

Transcript

00:00Struggling farmers might be getting a lifeline.

00:02The Trump administration is reportedly preparing a multi-billion dollar aid package for farmers hit by the trade war.

00:09Reuters says it could total $15 billion.

00:12U.S. agriculture has been under pressure, from surging production costs and retaliatory tariffs,

00:18to labor shortages and plunging crop prices.

00:21The Agriculture Department estimates farm production expenses will hit $467 billion this year.

00:26That's $12 billion higher than last year.

00:30Farm bankruptcies in the first half of 2025 are the highest they've been since 2021.

00:35Now, the bailout could provide relief, but there is a catch.

00:38The ongoing government shutdown makes it difficult to release the funds without congressional approval.

00:43So, while farmers may soon get help, there might still be more pain in the heartland.

00:49That'll do it for your Daily Briefing.

00:51From the New York Stock Exchange, I'm Caroline Woods with The Street.