U.S. Details Up to $14 Billion in New Aid for Farmers

The U.S. Agriculture Department released the details of a second round of COVID-19 aid for farmers, which will pay up to $14 billion to growers of corn, soybeans, wheat, livestock and tobacco as well as dairy. The aid follows the previous $19 billion relief program that assisted farmers in April. Less than $10 billion dollars of that relief has been paid out to date. The new package will be funded by the Commodity Credit Corp, a Depression-era program created to support farmers and would not need approval from Congress. The USDA also said that up to $100 million in aid for tobacco farmers will come from the CARES act.

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