The agriculture industry has been hurt by the ongoing trade war.
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CAROLINE WOODS: Struggling farmers might be getting a lifeline. The Trump administration is reportedly preparing a multi-billion-dollar aid package for farmers hit by the trade war.
Reuters says it could total $15 billion.
U.S. agriculture has been under pressure – from surging production costs and retaliatory tariffs to labor shortages and plunging crop prices. The Agriculture Department estimates farm production expenses will hit $467 billion this year – $12 billion higher than last year.
Farm bankruptcies in the first half of 2025 are the highest they’ve been since 2021.
The bailout could provide relief but there’s a catch: the ongoing government shutdown makes it difficult to release the funds without Congressional approval.So while farmers may soon get help – there might still be more pain in the heartland.
That’ll do it for your daily briefing. From the New York Stock Exchange, I’m Caroline Woods with TheStreet.
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