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.
Iowa land values dropped 3% year-over-year. Sen. Chuck Grassley said this discomforting pattern is a harbinger of crisis for farmers, as seen in the 1980s.
October 08, 2025 12:37 PM
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Jed Bower, the incoming president of the National Corn Growers Association, joined us for his sector’s perspective on the ongoing government shutdown.
October 08, 2025 11:41 AM
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Treasury Secretary Scott Bessent last week said an announcement would be made on Tuesday. However, that self-imposed deadline has now passed.
October 08, 2025 11:19 AM
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Dr. Todd Davis, Chief Economist with the Indiana Farm Bureau, shares a snapshot of his state’s harvest conditions and insights from producers.
October 07, 2025 02:37 PM
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Lewis Williamson, from HTS Commodities, joined us to share insights on the farm economy from producers in the field.
October 07, 2025 12:47 PM
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Congress has just over a month of working days left for the year. Plan for uneven USDA service until funding is restored, and closely monitor Farm Bill talks, as avoiding Permanent Law before January 1 is the single biggest risk to markets and milk prices.
October 07, 2025 11:09 AM
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