While trade talks continue, Senate Majority Leader John Thune says farmers will not have to wait much longer for the Senate to finish its part in President Trump’s “Big, Beautiful Bill.”
“Look, it’s very complicated. We know that. I can’t speak for the House schedule. What I can tell you is, we’re going to do everything we can to stay on what we’ve laid out, and that is to try and work through these next two or three weeks to be prepared, to try and put that bill on the floor the last week before the Fourth of July.”
Thune says he expects the Senate vote to be a close one, but expects the President’s agenda will get passed one way or another.
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API said it stands ready to work with Congress to develop a balanced approach to E15 legislation that promotes fuel choice, supports investment certainty, and contributes to a stable and fair marketplace for American consumers.
Lawmakers are pressing for answers on how Washington’s “managed trade” approach — keeping leverage through long-term tariffs — will affect farmers, global markets, and future export opportunities.
In the meantime, Senate Majority Leader John Thune is asking that farmers be allowed to use marketing assistance loans to help stay afloat.
Beef industry groups seem to agree — market-based pricing, not federal intervention, best supports rancher livelihoods and long-term beef supply stability.
Cattle groups say additional imports would offer little relief for consumers but could erode rancher confidence as the industry begins to rebuild herds.
Understanding how these tax provisions interact will be key for farmers planning long-term equipment purchases or transfers within the family.
