Trump will announce measures to assist US farmers on Friday

Donald Trump said on Thursday that his administration will announce "actions to assist U.S. farmers" on Friday as the White House prepares for an event to highlight the agricultural sector.

The move is made as the Administration prepares to release the long-awaited biofuel blending quotas in accordance with the Renewable Fuel Standard. This policy, which is closely watched by oil refiners, corn growers and ethanol producers, dictates how much renewable fuel should be blended into the nation's gas and diesel supply.

According to two sources with knowledge of the issue, the Trump administration will release its 2026-2027 biofuel blending volume obligations next week. Sources said that the rule would not differ significantly from the volumes proposed by EPA before the start of the Iran War.

Trump told reporters that U.S. Farmers?had suffered mistreatment by other countries' and praised the?multi-billion dollar bailout? they received to offset tariff losses.

The White House is balancing the pressure of refiners concerned about gasoline prices with farmers who are counting on a stronger biofuel market to support their crop markets.

(source: Reuters)