Trump considers $10 billion bailout for farmers as tariffs disrupt the market
PBS News Hour - Segments
PBS NewsHour
4.1 • 1K Ratings
🗓️ 7 October 2025
⏱️ 10 minutes
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| 0:00.0 | This podcast is supported in part by the New England Innovation Academy in Marlborough, Massachusetts, |
| 0:05.5 | where today's students become tomorrow's innovators by discovering their passions and purpose while preparing for what's next, |
| 0:12.1 | reimagining education with a future-focused curriculum, entrepreneurial mindset, and real-world application, |
| 0:18.1 | currently enrolling grade 6 through 12, day and boarding students. Learn more at |
| 0:22.6 | NEI Academy.org. You're also tracking the Trump administration looking at ways to mitigate the impact |
| 0:29.7 | of the tariffs on farmers, many of these farmers who voted for President Trump. What more do we know |
| 0:34.6 | about that? Well, the tariffs and the trade war in particular with |
| 0:37.6 | China have had a big impact on American farmers. Last year, China bought more than half of the U.S.'s |
| 0:43.6 | soybean products. Now that has dropped down to zero. And the president is said to be working on this |
| 0:49.5 | bailout bill that could be $10 billion that could provide some relief to farmers that are facing these |
| 0:55.5 | losses, but much of that money cannot be allocated and distributed until after this shutdown is |
| 1:00.6 | over. NewsHour spoke to a couple of farmers about the impact that this is already having. |
| 1:06.6 | I'm Chris Gibbs, a farmer in West Central Ohio. We own and operate 560 acres of corn, soybeans, and wheat. |
| 1:14.2 | Tyler's staff on my farm is located fairly close to Macote, North Dakota. |
| 1:19.1 | I think what folks need to realize is how much of our soybean crop gets shipped overseas and is purchased by foreign buyers. That's about 50%. Out of that portion, |
| 1:32.1 | half of that gets sold historically to China. And China this year has purchased zero amount of our |
| 1:41.2 | soybeans, which is unprecedented. I haven't actually marketed any of my beans yet because the price is at a point where I don't want to sell anything. |
| 1:49.0 | So what I'm doing at this point is storing my beans, hoping for some type of economic recovery that the price goes up. |
| 1:56.0 | In the meantime, yes, I mean, I'm losing money. |
| 1:58.0 | We're just about done with our soybeans, and we're $2 a bushel under the cost of production. |
| 2:04.8 | That manifests as $100 loss for every acre that I harvest. |
| 2:09.9 | So I'm about done with our soybean harvest. |
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