Overview
- A White House spokesperson said the package will provide direct support to commodity producers facing trade disruptions and higher costs.
- The administration portrayed the move as helping farmers it says were hurt under President Joe Biden by elevated expenses and DEI initiatives.
- Most of the funds are designated for producers of corn, soybeans, wheat, rice, and cotton through direct payments.
- Treasury Secretary Scott Bessent said in October that China committed to buy 25 million tons of U.S. soy each year for three years.
- USDA-based reporting from outlets including CNBC and the Washington Post indicates China has so far purchased only about a quarter of the pledged soybean volumes.