00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The Agriculture Department estimated direct payments to farmers would reach $44 billion in
00:082026, according to The Wall Street Journal. That was before Trump asked Congress to approve
00:13$11 billion in additional funding, largely to help farmers manage the effects of the war with Iran.
00:18If approved, government payments to farmers could hit a record high
00:22and account for more than a quarter of projected net farm income.
00:27Farmers have faced higher fuel and fertilizer costs, while large corn and soybean harvests
00:32have fueled a grain glut and pushed commodity prices lower.
00:35Trade groups said the aid is needed to support farm stability.
00:39Some economists and analysts said the payments may keep inefficient farms operating
00:44and encourage more production beyond market demand.
00:46For all things money, visit Benzinga.com.
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