Business

Trump announces $8B bailout for farmers to cover diesel cost surge amid attacks on global supply

Fox Business·Oct 20, 2026 · 6:38 AM CT
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Readthrough summary

At a rally in Park City, Kansas, for Sen. Roger Marshall, President Trump announced that the Agriculture Department will launch Harvest Fuel Relief, $8 billion in payments to help farmers with diesel and other rising input costs this harvest. Fox Business reports the cost increases followed attacks on energy supplies by Iran and its proxies.

USDA said payments will be in proportion to modeled losses for the 2026 crop year, using planted acres, production-cost estimates, yields and prices. Commodity-specific rates are expected in November. The Farm Service Agency will run the program, funded through the Commodity Credit Corporation Charter Act.

Trump compared it with the $12 billion Farmer Bridge Assistance program earlier this year and pointed to a recent executive order that lets farmers and truckers buy red-dyed diesel tax-free.

Key points

  • $8 billion Harvest Fuel Relief for farmers
  • Crop payment rates due in November

Summary written by Readthrough from the original article. The full story, with photos and any updates, is at Fox Business.

Read the original at Fox Business

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