Trump to announce $12 billion farm aid package at roundtable

President Donald Trump is expected to announce a $12 billion farm aid package at a roundtable on Monday, a White House official told CNN.

Most of the aid — $11 billion — will be directed toward crop farmers through one-time payments under the Farmer Bridge Assistance program, according to the official. The rest will go to farmers whose crops fall outside the umbrella of the assistance program.

Treasury Secretary Scott Bessent and Agriculture Secretary Brooke Rollins will attend the roundtable with Trump, which is scheduled for 2 p.m. ET at the White House. Corn, cotton, sorghum, soybean, rice, cattle, wheat and potato farmers will also attend.

The farm aid announcement details were first reported by Bloomberg, but Rollins hinted at the bridge payments at a Cabinet meeting last week.