U.S. Farmers Say $12 Billion Bailout Won’t End Industry Slump

By Erin Ailworth, Michael Hirtzer and Ilena Peng

Bloomberg News

US growers say the Trump administration’s US$12 billion (S$15.5 billion) aid package brings temporary relief, but is unlikely to kickstart a lasting recovery for the American farm economy.

President Donald Trump on Dec 8 unveiled a package to a key base of support that includes as much as US$11 billion in one-time payments to crop farmers who have been hit hard by his tariff regime and low crop prices. 

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