USDA Announces $12B Farm Aid, Prioritizing Rice and Cotton Amid Soy Concerns

The USDA announced a $12 billion aid package for U.S. farmers, primarily distributing $11 billion in one-time payments based on crop type and acreage, with rice and cotton farmers receiving the highest per-acre payments. While intended to support farmers amid low crop prices and trade disruptions, soybean farmers argue the aid is insufficient to cover their losses, highlighting ongoing challenges in the agricultural sector.