The Senate passed a resolution over the weekend that brings President Trump’s agenda one step closer to reality.
It is part of a bigger move that would help move forward the reconciliation process and could reauthorize important ag tax cuts.
Several amendments were voted down, including a measure that would have limited the impact of tariffs. Another amendment would have protected areas like SNAP.
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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.
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)
