Champions of Rural America: Iowa Congressman Outlines ‘Big, Beautiful Bill’ Benefits for Agriculture

Rep. Randy Feenstra, R-IA, details how the “One, Big, Beautiful Bill” Act (OBBBA) supports farmers, biofuels, and rural communities with tax breaks, crop insurance relief, and ag infrastructure.

WASHINGTON, D.C. (RFD-TV) — Rep. Randy Feenstra, R-IA, and member of the Congressional Western Caucus, has been advocating for crop farmers, livestock producers, and the biofuels industry since taking office in 2021. He serves on the House Agriculture and Ways and Means Committees and has focused on legislation supporting rural communities.

On this week’s Champions of Rural America, Feenstra joined us to discuss his work on the “One, Big, Beautiful Bill,” Act (OBBBA), which included measures benefiting farmers such as a $15 million estate tax exemption, lower crop insurance costs, increased reference prices for corn and soybeans, and immediate expensing for new farm facilities. He emphasized that lawmakers also earmarked funding to invest across all sectors of the ag industry—from improving biosecurity to prevent the spread of foreign animal diseases to supporting tax incentives for farm equipment and infrastructure.

While Feenstra highlighted the bill’s benefits, he stressed the importance of passing a comprehensive Farm Bill to secure conservation and research funding, improve export markets, and ensure refrigeration for dairy, cattle, and hogs. He also explained the importance of protecting American farmland from foreign adversaries, for example, the recent move to add phosphate and potash to the list of critical minerals to strengthen domestic fertilizer production.

In closing, Feenstra highlighted rural America’s vital role in feeding the world, producing domestic energy, and supporting the biofuels industry.

Related Stories
Traders say that shift could eventually prompt the USDA to scale back soybean export projections, noting the outlook differs greatly for other grain commodities.
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.
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.
Record milk output looks strong today, but shrinking replacement numbers mean future supply adjustments could be faster and more volatile.
Often overlooked, cotton wholesalers act as stabilizers during market stress, translating fragmented retail demand into workable production programs for mills and manufacturers.

Marion is a digital content manager for RFD News and FarmHER + RanchHER. She started working for Rural Media Group in May 2022, bringing a decade of digital experience in broadcast media and some cooking experience to the team.

LATEST STORIES BY THIS AUTHOR:

“I’m not sure where this bridge goes,” trader Brady Huck with Advanced Trading told RFD-TV News earlier this week.
CoBank’s 2026 Year Ahead Report cites global grain oversupply, easing inflation, rate cuts, and major data center growth that could reshape rural America.
Plan for sharp, short-term volatility after unexpected outages; permanent closures rarely trigger major price spread disruptions.
American Farm Bureau Federation (AFBF) economist Danny Munch joined us on Thursday’s Market Day Report to break down the scope of the U.S. Christmas Tree industry and what growers are up against.
Canadian tariffs would raise costs for potash, ammonia, and UAN, increasing spring fertilizer risk.
Lewis Williamson with HTS Commodities breaks down the outlook on grain storage and domestic supply chain strength as producers weigh planting decisions with forthcoming federal aid.