Trump says US will purchase 3 billion of dairy, meat

INNO


A farmer holds a seed piece from a clearwater russet potato in a recently planted potato field at Friehe Farms in Moses Lake, Washington, on Thursday, April 30, 2020. David Ryder | Bloomberg | Getty Images The U.S. will purchase $3 billion of dairy, meat and produce from farmers and ranchers across the country starting early next week, President Donald Trump announced on Saturday. As the pandemic disrupts supply chains across the country, farmers have been forced to destroy their crops, dump milk and throw out perishable items that can’t be stored. Prices and demand for agricultural products have plummeted during national lockdown and farmers have been left with an oversupply of food they can’t sell.  Browse Stock Market Store Items The president in a tweet said the $3 billion purchase is part of the “Farmers to Family Food Box,” but did not provide further details.   The president also recently announced a $19 billion relief program called the Coronavirus Food Assistance Program, which will provide $16 billion to farmers and ranchers and $3 billion in purchases of fresh produce, dairy products and meat for distribution at food banks.  U.S. food banks that provide relief to millions of people are also losing employees and closing down during the pandemic. Many Americans are preparing for a meat shortage after the virus shut down some of the country’s largest slaughterhouses. Trump has signed an executive order to keep meat-processing plants operating even as workers at those facilities fall ill.  Some chicken processors dealing with staff shortages due of the virus have been forced to euthanize chickens. Plant closures across the country could result in the loss of millions of of animals including pigs, chickens and cattle.  Browse Stock Market Store Items

Source

 

All posts made on this website are provided for information purposes only. None of the information here is intended as investment advice, as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, Company, or fund. Before making an investment decision, you should seek the advice of a qualified and registered securities professional. Candlr is not receiving payment or commissions from companies for shared content on Candlr website unless its specified. View full disclaimer HERE.

[bbp-topic-index]

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.