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Huge oil price hike, Trump announces $8 billion in aid for American farmers to cover costs

Lapsi.al 2026-10-20 08:52:00

Huge oil price hike, Trump announces $8 billion in aid for American farmers to

US President Donald Trump has announced a new $8 billion financial program aimed at supporting American farmers to cope with rising fuel costs during the harvest season. During a campaign rally in Kansas, Trump said that the US Department of Agriculture will launch a temporary assistance program aimed at offsetting the cost of diesel fuel used in agricultural activities.

"I am pleased to announce that the Department of Agriculture will launch a new assistance program, providing our farmers with $8 billion in support to offset the costs of diesel fuel during the harvest season," the US president declared. The program aims to ease the financial burden on farmers, at a time when fuel costs are directly affecting the costs of agricultural production

The announcement comes as part of a series of promises and financial commitments by the Trump administration, ahead of the US midterm elections, where control of Congress is also at stake. For now, the announced $8 billion is presented as a temporary support package for farmers, while details on how the funds will be distributed and eligibility criteria need to be clarified by US authorities.

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