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U.S. to Buy Milk and Meat as Part of $15.5 Billion Aid

The Trump administration would like to make purchases of milk and meat products as part of a $15.5 billion initial aid package to farmers rattled by the coronavirus, said Agriculture Secretary Sonny Perdue. We want to purchase as much of this milk, or other protein products, hams and pork products, and move them into where they can be utilized in our food banks, or possibly even into international humanitarian aid. The combination of direct payments to farmers and bulk government purchases of commodities parallels the approach the Trump administration followed in its $28 billion agriculture trade bailout over the past two years. The coronavirus relief bill Congress passed last month includes $23.5 billion in aid for farmers.

Read more at Bloomberg

By AgReads®

AgTech and FoodTech news platform

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