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

Published 05/09/2020, 03:24 PM
Updated 05/10/2020, 04:15 AM
© Reuters. FILE PHOTO: U.S. President Trump meets with Republican members of Congress at the White House in Washington

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.

© Reuters. FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in Massachusetts

Latest comments

Hello, communism.
Goodbye, consumerism.
ahh yess consumerism was so great. look where it got us!
Hyper inflation crash coming soon
Not to soon. Probably beggining of august
Mark his words.. "At MY order.." What does he mean? what does it imply?
You must know very well
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
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!
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.
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.
More Socialism from the ex-Dem but still Socialist leader of the Sycophant party...
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.
your Democrat turned Republican president is leading the way
  - 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.
  - 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..
Great another 3 billion taxpayers have to pay back!
Government will just print more money to pay that off.
Which will devalue the dollar, a hidden tax.
3B is fiscal policy which add to the debt. there is more manipulation of the money supply which has already been done
The Republican Socialism party continues it's take over of American business.
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.
and this isn't the poor little farmer down the road. This is BIG farma BIG bussiness...not the little guy.
More socialism for the welfare queen farmers.  Even before the pandemic those parasites were collecting billions in subsidies.
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.
It's called adapting to changing economic environments.  Other industries do it, why can't the freeloading farmers?
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.
Go to the food banks. They give out free food.
big bbq in the white house next week...
At low ball prices
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