Trump to announce actions to help US farmers on Friday

By Steve Holland

WASHINGTON, ‌March 26 (Reuters) - President ​Donald ​Trump on Thursday said his administration will announce actions to help U.S. farmers on ‌Friday, as the White House prepares to host ⁠hundreds of farmers, ranchers and executives for an event highlighting the agricultural ‌sector.

The move comes as ‌the administration is expected to release long-awaited biofuel blending quotas under the Renewable Fuel Standard, a policy ​closely watched by corn growers, ethanol producers and oil refiners that dictates how much renewable fuel ⁠must be mixed into the nation's gasoline and diesel supply.

Reuters reported that the ​Trump administration will release its 2026-27 biofuel blending volume obligations this week, according to two ​sources familiar with the matter. ‌The rule will not differ materially from volumes proposed by the EPA prior to ⁠the onset of the Iran war, the sources said.

Trump, speaking to reporters at a cabinet meeting on Thursday, said ⁠U.S. farmers had been mistreated by some countries and touted the ​multibillion-dollar bailout farmers received to help offset losses related to tariffs.

The biofuel decision comes at a fraught moment for both the ‌oil and farm sectors, with the White House balancing pressure from refiners worried about ‌gasoline prices and farmers counting on stronger biofuel demand ⁠to support crop markets.

(Reporting ‌by Steve Holland, ​Doina Chiacu and Humeyra Pamuk in Washington; Editing by Daphne Psaledakis, Caitlin Webber and Bill ‌Berkrot)

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