To direct the Secretary of Agriculture to make economic assistance payments to qualifying producers for certain revenue losses with respect to covered commodities, and for other purposes.
This bill directs the U.S. Department of Agriculture to provide financial assistance to farmers who have lost revenue due to tariffs on their crops. The payments are available to qualifying producers of corn, cotton, peanuts, poultry, and soybeans for crop years 2025 and 2026, but each farmer can receive assistance for only one of those years, not both. To qualify, farmers must have an average adjusted gross income of no more than $500,000 and must document their revenue losses by submitting receipts and production records to the USDA. The bill allocates $15 billion in total funding, split equally between $7.5 billion for 2025 crop year losses and $7.5 billion for 2026 crop year losses, with payment deadlines of November 1, 2026, and November 1, 2027, respectively. The payment formula calculates each farmer's compensation based on the difference between their revenue in the previous year and their revenue in the affected crop year.
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