House Ag Committee
Farmers need to be prepared to pay substantially more for their coverage in 2026, unless Congress acts now to address the impending price surge.
The Senate and House each have their own Committee proposals for President Trump’s Big Beautiful Bill. There are some key differences in each that could impact farmers and ranchers.
The CR includes nearly $110 billion in disaster and farmer aid, which includes $10 billion in farmer aid and $21 billion ag disaster aid. $2 billion of that disaster aid is specifically for livestock producers. The measure also includes a one-year extension of the 2018 Farm Bill.
John Newton, former Senate Ag Committee economist and now executive head at Terrain, highlights three priorities and a timeframe for a final farm bill.
House Ag Committee Chair GT Thompson (R-Pa.) believes the CBO’s methodology underestimates the potential savings criticized them for what he sees as a history of underestimating Commodity Credit Corporation (CCC) outlays.
The farm bill finally saw some movement in Washington last month, but the Ag Economists’ Monthly Monitor found most economists don’t think it will be passed this year, with some even saying it could be as late as 2026.
The House Ag Committee on Thursday will mark up the House farm bill. House Ag Chair GT Thompson told AgriTalk the panel will have the votes to clear the panel, but he has yet to receive any firm Democratic support.
Chapter 12 bankruptcy filings aren’t on the rise, but one attorney said it’s because many farmers don’t quality for Chapter 12 today, and recently introduced legislation could change that.