During a Monday round table with cabinet members, farmers and lawmakers, President Donald Trump announced the U.S. Department of Agriculture (USDA) will make $12 billion available in one-time bridge payments to American farmers in response to temporary trade market disruptions and increased production costs.

President Trump said the $12 billion represents a relatively small portion of what the United States is making on tariffs. “We’re going to be providing it to the farmers in economic assistance because, you know we love our farmers,” said Trump. “The relief will provide much needed certainty to farmers as they get this year’s harvest to market and look ahead to next year’s crops.”

Of the $12 billion provided, up to $11 billion will be used for the Farmer Bridge Assistance (FBA) Program for farmers who produce Barley, Chickpeas, Corn, Cotton, Lentils, Oats, Peanuts, Peas, Rice, Sorghum, Soybeans, Wheat, Canola, Crambe, Flax, Mustard, Rapeseed, Safflower, Sesame, and Sunflower. The remaining $1 billion of the $12 billion in bridge payments will be reserved for commodities not covered in the FBA Program such as specialty crops and sugar.

Those in attendance with the president during the announcement included Secretary of the Treasury Scott Bessent, Secretary of Agriculture Brooke Rollins, Senate Agriculture Committee Chairman John Boozman (R-AR), Senator Deb Fischer (R-NE), Senator John Hoeven (R-ND), Representative Austin Scott (R-GA), Iowa farmer Cordt Holub and Lousiana rice producer Meryl Kennedy.