Local Farmers Could Benefit From Bail Out, But Some Don't Like It

WITZ Radio News is an affiliate of Network Indiana

STATEWIDE. -- Hoosier farmers who are caught in the middle of President Donald Trump's trade war are in line to get some financial help, especially those who produce soybeans.

The price of soybeans has dropped significantly since the trade war began and right now it is unclear how long those price drops will continue.

The Trump administration announced a $12 billion package this week that's meant to help American farmers who are impacted by the trade war against China and other countries.

Tipton County Farmer Bill Peters says his family has been raising soybeans for six generations and its a tradition he wants to continue, which means he'll have to accept help from the bailout.

"Farmers in general and I would say everyone would agree, we don't like taking aid to try to get us by," said Peters. "Our solution would be to get this trade war solved."

Farmers can sign up for the government bailout program starting this September.