Trump Announces New Relief Program For Farmers

The Agriculture Department said the program will deliver "critical support to farmers facing rising costs and market disruptions."

President Trump announced a new program that will provide temporary relief to farmers during harvest season.

The ‘Harvest Fuel Relief Program’ will “offset diesel costs during this harvest season.” The $8 billion fund will be available for one-time payments to farmers.

The Agriculture Department said the program will deliver “critical support to farmers facing rising costs and market disruptions.”

The current price in the U.S. for diesel is around $6.32 per gallon, up from $3.63 this time last year.