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U.S. next week to start purchasing $3 billion worth of farm goods: Trump

CommoditiesMay 10, 2020 04:15AM ET
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2/2 © Reuters. FILE PHOTO: U.S. President Trump meets with Republican members of Congress at the White House in Washington 2/2

WASHINGTON (Reuters) - President Donald Trump on Saturday said the United States will next week begin purchasing $3 billion worth of dairy, meat and produce from farmers as unemployment soars and people are forced to food lines.

"Starting early next week, at my order, the USA will be purchasing, from our Farmers, Ranchers & Specialty Crop Growers, 3 Billion Dollars worth of Dairy, Meat & Produce for Food Lines & Kitchens," Trump wrote in a post on Twitter.

It was unclear whether his statement referred to a $19 billion relief plan announced by the U.S. Department of Agriculture in April. The agency said it would buy $3 billion worth of agricultural commodities as part of that program.

The White House did not respond immediately to a request for comment.

The U.S. economy lost a staggering 20.5 million jobs in April and the unemployment rate rose to 14.7%, government data showed on Friday.

Food banks have been running short on staples as hunger soars. The coronavirus pandemic has disrupted supply chains, with farmers saying they have had to destroy their produce and euthanize pigs because processing facilities have shuttered.

U.S. next week to start purchasing $3 billion worth of farm goods: Trump
 

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Comments (15)
Proble Matic
Proble Matic May 10, 2020 3:40PM ET
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Hello, communism.
Proble Matic
Proble Matic May 10, 2020 3:40PM ET
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Goodbye, consumerism.
Turtle Bugg
Turtle Bugg May 10, 2020 3:40PM ET
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ahh yess consumerism was so great. look where it got us!
Clif McWhorter
Clif McWhorter May 10, 2020 10:59AM ET
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Hyper inflation crash coming soon
Get Sirius
Get Sirius May 10, 2020 10:59AM ET
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Not to soon. Probably beggining of august
Haresh Chandwani
Haresh Chandwani May 10, 2020 6:43AM ET
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Mark his words.. "At MY order.." What does he mean? what does it imply?
Kevin Kevin
Kevin Kevin May 10, 2020 6:43AM ET
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You must know very well
Joe Momma
Joe Momma May 10, 2020 6:43AM ET
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Hmmmmm, when i am at work and the boss gives an order, what does he mean🤔 you all act like being the boss and giving orders is bad
Daniel Speranta
Daniel Speranta May 10, 2020 6:43AM ET
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Just another PR stunt for him to take credit! Same as putting his name on the $1200 check and the letter. You’d think the money came out of his own pocket, when in fact it’s your own money. Yes, you the taxpayer! Money YOU are entitled to, not some multi-billion $ corp that wants a govt hand-out and will eventually lay off workers anyway.Or the Fed...buying junk bonds, really? Where did you guys go to University? That’s just outright theft. Those businesses will fold, the owners walk away with taxpayer money, and the Fed and taxpayer will carry the can. Crazy!
Brad Dover
Brad Dover May 10, 2020 5:39AM ET
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so much MAGAing and trumpers want four more years of this psychotic disaster WASHINGTON (Reuters) - President Donald Trump on Saturday said the United States will next week begin purchasing $3 billion worth of dairy, meat and produce from farmers as unemployment soars and people are forced to food lines.
Kaveh Sun
Kaveh Sun May 09, 2020 10:42PM ET
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Supermarkets here have a limit on almost everything. Lots of shelves r empty. Wish they can bring more food into yhe markets. I dont want to go to the food banks since more people need them. People r hungry. Why not giving a bit more. I see nothing wrong w that.
Al Vlaj
alvlaj May 09, 2020 10:20PM ET
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More Socialism from the ex-Dem but still Socialist leader of the Sycophant party...
Buzzy Jefferson
Buzzy Jefferson May 09, 2020 7:59PM ET
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I wish the corrupt and America hating democrats had been focused on the country instead of their lust for power and hatred of the President back in January and February. At the core, China is to blame for this, but they certainly had help from the socialist/communist democrats. Both are enemies of the nation.
Show previous replies (6)
Rocket robin
Rocket robin May 09, 2020 7:59PM ET
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think you got. your wires crossed muk. go back and check who was giving false information. main stream garbage media were the ones having a go at trump for trying to shut the country down. do your research and stop spouting ******
Buzzy Jefferson
Buzzy Jefferson May 09, 2020 7:59PM ET
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Jan Buyle  - If it weren’t for the lying cheating self righteous power grubbing socialist dems, I’d still be one. The only thing Americans hate worse than a loser is a winner who cheated. Liberals have become so repulsive and repugnant. All the players, Obama, Clinton, Comey, Page, Strzok, Brazile, Wasserman, Lynch, Pelosi, Schumer, and Schiff show.. They all make the country collectively throw up in our mouths. People willing to ignore these blatant miscreants are just as vile.
Dan Elbon
Dan Elbon May 09, 2020 7:59PM ET
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your Democrat turned Republican president is leading the way
Buzzy Jefferson
Buzzy Jefferson May 09, 2020 7:59PM ET
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Adrian White   - You continue to tell bald faced lies here. You and your socialist heroes are ethically and morally decrepit. The President shut down travel from China while the dems were inviting folks to hang out in Chinatown. Is this a lie? Is it? Hold on to a shred of dignity and answer it correctly.
Buzzy Jefferson
Buzzy Jefferson May 09, 2020 7:59PM ET
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Jan Buyle   - You and your socialist comrades went all in on the lies and cheating. Now you're stuck defending it 'til your deaths because, God forbid, you raise your hand and say "my bad". You're way too morally and ethically superior to ever do that. Sooo open minded. Sooo woke.. So righteous.. Soo repulsive..
Jeremy Williams
Jeremy Williams May 09, 2020 7:14PM ET
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Great another 3 billion taxpayers have to pay back!
William Chan
William Chan May 09, 2020 7:14PM ET
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Government will just print more money to pay that off.
Kilo Byte
Kilo Byte May 09, 2020 7:14PM ET
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William Chan Which will devalue the dollar, a hidden tax.
Chris Fran
Chris Fran May 09, 2020 7:14PM ET
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3B is fiscal policy which add to the debt. there is more manipulation of the money supply which has already been done
Pratt Man
Pratt Man May 09, 2020 7:11PM ET
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The Republican Socialism party continues it's take over of American business.
MW Locks
MW Locks May 09, 2020 5:46PM ET
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Yes!!! The soup kitchen lines are here! We are guaranteed to see all time highs next week on every major index. Time to get long with maximum margin. Peloton bikes, Teslas and fake meat are going to be moving like hotcakes at a soup kitchen line.
Mary Kinney
Mary Kinney May 09, 2020 4:26PM ET
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and this isn't the poor little farmer down the road. This is BIG farma BIG bussiness...not the little guy.
Kilo Byte
Kilo Byte May 09, 2020 4:13PM ET
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More socialism for the welfare queen farmers.  Even before the pandemic those parasites were collecting billions in subsidies.
Adrian White
Adrian White May 09, 2020 4:13PM ET
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Kilo Byte, that's because Trump's over-zealous trade war caused so many farmers to no longer be able to sell to China and other trading partners. Farmers never asked for welfare. They just wanted to be able to sell what they worked so hard to produce.
Kilo Byte
Kilo Byte May 09, 2020 4:13PM ET
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Adrian White It's called adapting to changing economic environments.  Other industries do it, why can't the freeloading farmers?
Johnson Gray
Johnson Gray May 09, 2020 4:12PM ET
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We should have a volunteer farming sector where their job is to process the left over stuff and give it to the broke like me.
Kaveh Sun
Kaveh Sun May 09, 2020 4:12PM ET
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Go to the food banks. They give out free food.
Jan Buyle
Jan Buyle May 09, 2020 3:35PM ET
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big bbq in the white house next week...
Bullish Bear
Bullish Bear May 09, 2020 3:28PM ET
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At low ball prices
 
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