What’s in Trump’s $1bn plan to bring egg prices down?
What’s in Trump’s $1bn plan to bring egg prices down?
A dozen eggs in the US currently cost $4.95, an all-time high. Can Trumponomics bring that down?
Author: Al Jazeera
Published on: 27/02/2025 | 00:00:00
AI Summary:
The $1bn plan includes financial aid for poultry farmers as well as funding for new research for treatment and vaccines. In the short term, the agency aims to increase egg imports to meet demand. On average, about $4.95 for a dozen. That’s an all-time high – nearly double the price just one year ago. More than 160 million birds have been killed during the crisis, including 30 million this year. At the start of this year, the number of egg-laying hens in the US stood at 304 million, an 11 percent decline from five years ago. Biden’s administration spent about $1.5bn combatting the spread of H5N1 after it resurged in 2022. In doing so, it followed longstanding US policy to stamp out affected poultry populations through culling. USDA says it will invest $100m to develop new vaccines, treatments and solutions to protect chickens from bird flu. Turkiye expects to ship 420 million eggs to the US this year, six times more than last year. US produces the vast majority of the eggs it consumes, according to the Turkish Egg Producers Central Union. United Egg Producers thanked Trump for stepping up to take action. Some experts are pushing for a quicker rollout of vaccines for chickens. USDA projects egg prices will surge another 41 percent this year.
Original: 1129 words
Summary: 216 words
Percent reduction: 80.87%
He and his cronies pocket 900m and the prices of eggs continues to rise?