By Rachel Cramer
For some farmers, the recently-passed “One Big Beautiful Bill Act” could bring more security. But for others, it may do the opposite.
The massive tax and spending law, which President Donald Trump signed at the beginning of the month, is expected to increase agricultural spending by nearly $66 billion over the next decade.
Over 80% of that slice will go toward programs that help farmers make up losses from natural disasters and when commodity prices and revenues dip below certain thresholds. It also extends tax cuts from 2017 and makes others permanent, like the estate tax exemption.
Many agriculture groups have applauded the law. American Farm Bureau Federation president Zippy Duvall stated in a news release that the changes will bring certainty for many farmers and ranchers.
“Modernizing important farm safety net programs and making permanent critical tax provisions could be the difference between staying in business or shutting down the family farm,” Duvall said. “Lawmakers took a big step toward ensuring America’s farmers and ranchers can continue to keep pantries filled for America’s families.”
A farmer in northwestern Iowa holds ears of corn affected by the 2023 drought. The Federal Crop Insurance Program offers financial protection for certain crops affected by drought, excess moisture, damaging freezes, hail, wind, disease and price fluctuations.
Duane Stateler, National Pork Producers Council president, called the new law “one of the most consequential pieces of legislation for American agriculture in years.” He pointed to funding for animal disease prevention and management, and said the law “cuts red tape.”
But some farmer groups have raised red flags. National Farmers Union president Rob Larew stated the gains for agriculture “are paired with harmful tradeoffs.” Particularly, the bill slashes spending for the Supplemental Nutrition Assistance Program and Medicaid.
“Cuts to SNAP divide the farm bill coalition and reductions in Medicaid will have harmful effects on millions of Americans,” Larew said “Farm policy should unite us. This approach undermines the foundation of the farm bill and puts its future at risk.”
Click here to see more...