From the Fox News homepage: The White House and President Trump have reached an agreement on a temporary, $300 million deal to provide relief to farmers who are suffering through extreme drought.
The deal is a partial relief to drought-stricken farmers in Iowa and New Hampshire.
The USDA said the farmers will receive $30 million in federal assistance.
The agreement was first reported by Politico.
The White, House and Agriculture departments say the agreement will help stabilize farmers’ cash flow.
“Agricultural commodities, such as corn, soybeans and cotton, have been affected by extreme drought conditions,” the USDA said in a statement.
“The agreement provides relief for farmers who will receive the money but will not receive payments in full, as required under the drought relief program.”
The agreement comes on the heels of a $600 million disaster relief package signed by Trump last month.
The Agriculture Department announced on Wednesday that it will provide $200 million in loans to farmers.
USDA and the USDA’s Agricultural Marketing Service (AMS) will also receive $200,000 each to help farmers in Kansas and Louisiana who are struggling with their crops.
The two agencies will also provide $30,000 in loans for small businesses.
The agriculture departments said the relief would help to stabilize the financial situation of farmers, as well as ensure a “steady flow of commodities to the marketplace.”
The $300m farm relief deal is in response to a $400 million aid package the Trump administration signed in January, which included $300,000 for drought-hit farmers.
The relief is contingent on farmers meeting certain drought-related conditions, including a 50% reduction in water usage, and a 90% reduction of water usage over the course of the year.
The Farm Bill passed with support from Democrats and was signed by former President Barack Obama in December 2015.
“As President Trump has made clear, the only way to solve the world’s most pressing problems is to solve them with real solutions,” Agriculture Secretary Sonny Perdue said in an April 26 statement.
The department said it will help farmers get the money they need to pay off their debt and improve their crops while reducing costs.
Trump has been a proponent of crop-protection measures in the past, including signing the Farm Bill into law in 2016, which also helped farmers deal with drought.
In 2017, the Trump Administration signed a law that expanded the federal drought relief fund and the federal government began to transfer more of the funds it receives from states to farmers and agricultural businesses.
The agreement comes amid a drought that has hit the Midwest, and has been blamed on a heat wave that has forced farmers to close their fields and turn to other methods of agriculture.
Last month, USDA announced that the government would release another $10 million in aid for farmers in the next two weeks.
USDA said it is working with the Agriculture Department and AMS to deliver the aid as well.