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... President Donald Trump presided over a roundtable on Monday afternoon with a handful of farmers, along with lawmakers and members of his administration to announce the aid package.

Rollins said that $11 billion will be provided to commodity producers, while USDA will hold back $1 billion for specialty crop producers.

"So, you are going to your lender, as you are working to ensure and understanding what you can plant for next year, you will have that number in hand," Rollins said.

FARMER BRIDGE ASSISTANCE

FBA payments will provide aid to the primary commodity crops: barley, chickpeas, corn, cotton, lentils, oats, peanuts, peas, rice, sorghum, soybeans, wheat, canola, crambe, flax, mustard, rapeseed, safflower, sesame and sunflower.

USDA stated the aid will support farmers dealing with a host of challenges. "FBA will help address market disruptions, elevated input costs, persistent inflation, and market losses from foreign competitors engaging in unfair trade practices that impede exports."

USDA will use a "uniform formula to cover a portion of modeled losses during the crop year." ...