In the last few hours, the House has narrowly passed the “Big, Beautiful Bill” Act that extends tax breaks and boosts farm programs.
The reconciliation bill was again debated all night, this time before the full House. It passed by just one vote and made the 2017 tax cuts permanent, a major request from farmers and ag groups. This includes adjustments to the estate tax exemption, and it also includes SNAP reform, increases crop insurance, and commodity program spending. House Ag Committee Chair GT Thompson says the bill stops tax hikes, reigns in spending, and invests in rural America.
The bill now moves to the Senate. Thompson says once this bill is settled, he is eager to get to work on the Farm Bill, which addresses several issues not included in the reconciliation package. Those include farm loan limits and rules, action on the local ag market program, nutrition assistance incentives, and other rural development programs. Thompson says the remaining issues in the Farm Bill are now much easier to tackle with the larger issues now out of the way.
A new study found that retaining the EPA’s half-RIN credit protects soybean demand, farm income, and crushing-sector strength while preserving biofuel market flexibility.
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Rising federal debt is increasing pressure on Washington to limit spending, which could tighten future funding and delivery for agricultural programs.
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Western Caucus member Rep. Bruce Westerman (R-AR) details the SPEED Act on Champions of Rural America. The legislation aims to reform NEPA, streamline permitting, and expand domestic energy development.
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“I’m not sure where this bridge goes,” trader Brady Huck with Advanced Trading told RFD-TV News earlier this week.
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Canadian tariffs would raise costs for potash, ammonia, and UAN, increasing spring fertilizer risk.
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Julie Callahan was nominated earlier this summer by President Donald Trump, and U.S. Trade Representative Jamieson Greer told lawmakers she is ready to hit the ground running.
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