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Trump's Farmer Bailout Needs Congress Amid Depleted Funds

10/9/2025

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Summary

Story summary

Joe Glauber, former USDA chief economist, says Trump's farmer bailout differs from 2018 and requires Congressional action to reallocate tariff revenues.
Tariffs caused $27 billion in exports losses in 2018-2019; the Commodity Credit Corporation's funds are nearly depleted.
Reopening Farm Service Agency offices and launching new programs will take time, Glauber says, because trust, once lost, is hard to regain.

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Story summary

Joe Glauber, former USDA chief economist, says Trump's farmer bailout differs from 2018 and requires Congressional action to reallocate tariff revenues.
Tariffs caused $27 billion in exports losses in 2018-2019; the Commodity Credit Corporation's funds are nearly depleted.
Reopening Farm Service Agency offices and launching new programs will take time, Glauber says, because trust, once lost, is hard to regain.