H.R. 9704: Tariff Impacted Farmer Support Act of 2026

This bill would direct the U.S. Department of Agriculture to make economic assistance payments to certain farmers and other producers who grow or raise specific farm products and experience revenue losses in crop years 2025 and 2026.

What the bill covers

The bill applies to covered commodities, which it defines as:

• Corn
• Cotton
• Peanuts
• Poultry
• Soybeans

Who could receive payments

To qualify, a producer would need to:

• Have an average adjusted gross income of $500,000 or less for the crop year in question and the previous crop year;
• Provide documentation showing total revenue for both years, including items like receipts and contracts;
• Show a revenue loss for the covered commodities compared with the prior crop year.

How payments would be calculated

The Agriculture Secretary would set the exact payment formula, but the bill says it must be based on the difference between:

• the producer’s total revenue from covered commodities in the previous crop year, and
• the producer’s total revenue from covered commodities in the current crop year.

The bill also requires that total payments stay within the funding amount provided by the bill.

Limits and timing

The bill sets aside $15 billion from the Commodity Credit Corporation, split evenly between the two crop years:

• $7.5 billion for crop year 2025
• $7.5 billion for crop year 2026

Payments would have to be made by:

• November 1, 2026 for crop year 2025
• November 1, 2027 for crop year 2026

A producer who receives a payment for crop year 2025 would not be eligible for another payment under this bill for crop year 2026.

Relevant Companies

• ADM — Archer-Daniels-Midland, a major grain processor and agricultural commodities company that could be affected indirectly through changes in producer revenues and commodity market conditions.
• BG — Bunge, a large agribusiness and oilseed processor that could be indirectly affected by impacts on soybean and corn producers.
• DE — Deere & Company, a farm equipment manufacturer that could be indirectly affected if farmer income and spending patterns change.
• CF — CF Industries, a fertilizer producer that could be indirectly affected by changes in planting and input demand among crop producers.
• CNHI — CNH Industrial, a farm machinery manufacturer that could be indirectly affected by changes in agricultural producer finances.