The House of Representatives advanced the “One Big Beautiful Bill” to the Senate. It’s a significant step toward restoring some longer-term certainty for farmers and ranchers after a series of short-term extensions of the 2018 Farm Bill. The bill comes amid continued challenges like volatile markets, high production costs, and weather disasters. The bill combines several provisions across commodity programs and tax policy into one comprehensive package supported by ag groups like the American Farm Bureau. The Congressional Budget Office said the House-passed version would increase agriculture-facing program spending by $56.6 billion over the next decade. Of the total increase, $52.3 billion is tied to enhancements in the farm safety net, such as higher reference prices under Price Loss Coverage, adjusted formulas for Agricultural Risk Coverage, and expanded crop insurance support. The remaining $4.3 billion includes investments in trade promotion, rural school funding, livestock biosecurity research, and energy programs.
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