By Irina Slav-Oct 20, 2026, 3:15 AM CDT
The U.S. Department of Agriculture will offer$8 billion in diesel fuel relief to American farmers for this year’s harvest season, to be dispersed as one-time payments to qualified prospects.
“This $8 billion financial investment will assist bring certainty to our farmers throughout this harvest so they can continue to feed our country,”Secretary of Agriculture Brooke Rollins stated in a press release. “President Trump is the most pro-farmer president of my life time, and he is continuing to put Farmers First every day,” Rollins mentioned.
U.S. diesel costs stay above $6 per gallon, and they have actually even climbed up from recently, from $6.2665 per gallon last Monday to $6.3187 per gallon the other day. That’s regardless of President Trump’s current handle President Putin for the export of about 2.2 million barrels of diesel this month to the United States and other nations to relieve discomfort at the pump as diesel rates perform at all-time highs. That preliminary 2.2 million barrels will be followed by 3.7 million barrels in November and 7.5 million barrels soon afterwards.
Before that offer, Trump likewise raised the federal tax on red-dye diesel, which is the kind utilized by farmers, in order to reduce retail diesel costs for all motorists. The tax deferment has actually not made much of a distinction, and has actually in theory promoted need for “farmer diesel” from other motorists. Federal diesel tax stands at $0.244 per gallon, or some $60 on a 250-gallon fill, according to the White House.
This most current relocation, which the Department of Agriculture has actually called the Harvest Fuel Relief program, will be utilized to “cover a part of designed losses throughout the 2026 crop year,” the department stated in its press release about the program. To get the one-time payment, farmers are motivated to send reports of their fuel expenses to the department for factor to consider under the fuel relief program.
By Irina Slav for Oilprice.com
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Irina Slav
What I Cover Irina Slav has actually been discussing international energy markets given that 2007, covering the oil and gas market, energy security, products, and the …
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