It is full speed ahead this week for Senate ag lawmakers as they work to meet the self-imposed July 4th deadline for the President’s “Big, Beautiful Bill.” However, they have hit a roadblock that has them looking for other cost-saving measures around the SNAP program.
Senators were looking at saving some major dollars by requiring states to cover more of the program’s costs, but the Senate Parliamentarian ruled that it cannot be done in the reconciliation process. Senate Ag Committee Chair John Boozman says SNAP must be improved in order to rein in federal spending. The proposed cuts to SNAP would have saved more than $200 billion over a decade.
In a recent call with ag reporters, Iowa Senator Chuck Grassley said farmers need this bill to pass.
“If we get it through the Senate and House and signed by the President, we’ve got some certainty for farmers and some improvement in where farmers are today on those prices, and farmers will benefit.”
However, Grassley says the reconciliation bill could complicate Farm Bill talks. The President’s “Big, Beautiful Bill” includes most of the heavy lifting for the Farm Bill, a move Grassley says could slow down the chances of a traditional five-year Farm Bill.
Economists are also closely watching how policy decisions in Washington could influence markets moving forward. Analysts say deferred futures for corn, soybeans, and wheat suggest markets are operating near break-even levels, not at prices that would encourage expanded production.
February 02, 2026 12:13 PM
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The biggest development of 2025 in agricultural law and taxation was the signing into law on July 4 of the Trump Administration’s landmark legislation, the “One Big Beautiful Bill” Act (OBBBA)
February 02, 2026 11:40 AM
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House Agriculture Committee Chairman “GT” Thompson is pushing a “Farm Bill 2.0.”
February 02, 2026 10:56 AM
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Jim Matheson, CEO of the National Rural Electric Cooperative Association, provides new updates on winter storm impacts and the outlook for rural power reliability.
January 30, 2026 02:59 PM
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The federal government’s status is far from the only factor moving the markets on Friday. Two critical reports released today on producer inflation and the status of the U.S. cattle herd are also top of mind.
January 30, 2026 12:51 PM
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The changing political climate in America is leading to a drop in migrant crossings near the U.S.-Mexico border, where ranchers like Dr. Mike Vickers say they witnessed horrors from death to child trafficking.
January 30, 2026 11:47 AM
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