KATHMANDU: The administration of President Donald Trump has announced a relief package exceeding 15 billion dollars for farmers affected by rising fuel and fertilizer costs as mid-term elections approach.
The US Department of Agriculture stated that 8 billion dollars will be provided as a one-time payment to farmers facing increased diesel expenses. Additionally, 5 billion dollars has been allocated for loan guarantees for livestock and fish farmers, with further funds set aside for fertilizer production, meat processing and specialty crop projects.
Previously, a payment plan of 13.8 billion dollars had been established for eligible farmers for the 2025 crop year.
However, agricultural management expert Greg Ibendahl noted that while government aid provides immediate relief, it does not address the long-term issue of rising production costs. American farmers have seen their incomes impacted this year by surging fertilizer and fuel prices, alongside trade tensions with China.
According to AAA, the average price of diesel has reached 6.32 dollars per gallon, a 70 percent increase compared to one year ago. Political analysts suggest that while rural voters remain key supporters of the president, there is lingering dissatisfaction with some of his policies.
Analysts stated that despite the immediate relief, concerns regarding the cost of living and healthcare remain significant for voters. President Trump visited Iowa and Kansas two days before the mid-term elections.
