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Trump defers diesel taxes
- On Oct. 19, 2026, U.S. President Donald Trump announced the USDA will launch an $8 billion Harvest Fuel Relief Program providing farmers a diesel cost payment.
- USDA said the program will be funded by the Commodity Credit Corporation and run by the Farm Service Agency.
- Payments will follow a uniform formula using supply-demand estimates, production costs and 2026 planted acres.
- Diesel hit $6.30 per gallon; Trump deferred red-dyed diesel taxes through 2026.
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