"Massive New Loan Guarantees for Farmers and Food Suppliers" Says Trump

President Donald Trump announced at a White House address to farmers that the Small Business Administration is launching sweeping new loan guarantees targeting the agricultural sector — a move he said is aimed at driving down grocery costs for American consumers. Trump named SBA Administrator Kelly Loeffler directly, listing an expansive range of beneficiaries including vegetable farmers, grain farmers, seed farmers, cattle producers, pig and poultry producers, and grocery wholesalers. He described it as the first time such broad SBA loan access has been extended to the food supply chain at this scale, telling Loeffler to brace for an overwhelming wave of applicants.