# Trump’s farm aid bailout program, explained | Vox

> President Trump announced a $19 billion farm bailout on April 17, with $16 billion in direct payments funded by $6.5 billion from Commodity Credit Corporation and $9.5 billion from CARES Act funds. The remainder covers mass purchases of dairy, meat and produce for distribution to people in need.

- Date: 2020-04-18 · published 2020-04-18T12:00:00.000Z
- Category: policy · region US · magnitude high
- Page: https://feedsoft.ai/events/53627-trump-s-farm-aid-bailout-program-explained-vox
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Direct payments support farm finances and purchases of meat and dairy create demand for those products, but the aid is not large enough to offset the broad price collapse in livestock and dairy markets.

## Read by commodity

- HOGS: bullish ▲
- MILK: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2021-01-05 | [Milk Prices Surge After USDA Food-Box Aid Program Extended - Bloomberg](https://feedsoft.ai/events/49303-milk-prices-surge-after-usda-food-box-aid-program-extended-bloomberg.md) | +7.3% | +4.5% |
| MILK | 2018-07-25 | [Farmers prefer Trump do trade deals than hand them cash \| Tyler Morning Telegraph](https://feedsoft.ai/events/6572-farmers-prefer-trump-do-trade-deals-than-hand-them-cash-tyler-morning-telegraph.md) | -0.6% | +5.7% |
| MILK | 2022-01-07 | [The Farmer's Exchange Online Dairy Economist: 2022 Should Be Profitable for Milk Producers](https://feedsoft.ai/events/4074-the-farmer-s-exchange-online-dairy-economist-2022-should-be-profitable-for-milk.md) | -0.4% | +1.4% |
| MILK | 2020-04-17 | [USDA Announces Coronavirus Food Assistance Program \| USDA](https://feedsoft.ai/events/53623-usda-announces-coronavirus-food-assistance-program-usda.md) | -1.6% | -6.9% |
| MILK | 2018-01-05 | [Prices slumping, include milk in Rs 35-bn stabilisation fund: Farm Ministry \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/5204-prices-slumping-include-milk-in-rs-35-bn-stabilisation-fund-farm-ministry.md) | -1.7% | -3.0% |
| HOGS | 2025-06-11 | [China Nudges Pig Farmers to Restrain Supply After Prices Slump](https://feedsoft.ai/events/24184-china-nudges-pig-farmers-to-restrain-supply-after-prices-slump.md) | +6.1% | +4.3% |
| HOGS | 2018-07-25 | [Farmers prefer Trump do trade deals than hand them cash \| Tyler Morning Telegraph](https://feedsoft.ai/events/6572-farmers-prefer-trump-do-trade-deals-than-hand-them-cash-tyler-morning-telegraph.md) | -6.3% | -20.5% |
| HOGS | 2020-04-17 | [USDA Announces Coronavirus Food Assistance Program \| USDA](https://feedsoft.ai/events/53623-usda-announces-coronavirus-food-assistance-program-usda.md) | +23.4% | +62.0% |

## Sources

- vox.com: https://www.vox.com/2020/4/18/21226253/trump-farm-bailout-food-stamps-snap

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.