Trump announces $8 billion in diesel relief for U.S. farmers
Summary
President Donald Trump announced that the U.S. Department of Agriculture will provide $8 billion in support to farmers to help cover high diesel fuel costs during the 2026 harvest season. The new Harvest Fuel Relief program will pay farmers based on their crop production and will not require crop insurance to qualify.Key Facts
- President Trump announced an $8 billion aid program for farmers facing high diesel prices.
- Diesel fuel prices reached a record $6.53 per gallon in September and remain about 75% higher than a year ago.
- The Harvest Fuel Relief program will help farmers offset part of their diesel-related losses for the 2026 crop year.
- Payments will be based on planted acreage, production costs, crop yields, and prices reported by the USDA.
- Farmers do not need to have crop insurance to qualify for the payments.
- The USDA will announce payment rates for major crops in November and provide details on other eligible products later.
- Diesel fuel and oil expenses for farmers are expected to increase nearly 30% this year.
- The USDA expects net farm income to drop 2.6% in 2026 due to rising production costs.
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