S. 3058: Support Our Farmers and Ranchers Act of 2025

This bill, titled the Support Our Farmers and Ranchers Act of 2025, aims to provide financial support to agricultural producers by authorizing the Secretary of Agriculture to make payments to them. Here are the key components of the bill:

Payments to Agricultural Producers

The bill defines several important terms related to the payments:

• Covered commodity: Refers to agricultural products produced for harvest, haying, grazing, silage, or similar activities.
• Eligible agricultural producer: A person who produces and has invested money in covered commodities, specialty crops, livestock, or poultry.
• Livestock: Includes animals raised for meat or milk.
• Poultry: Refers to domesticated birds like chickens, turkeys, and ducks raised for meat or eggs.
• Qualifying tariff proceeds: Revenue from tariffs collected after January 20, 2025.
• Specialty crop: Crops produced for food or medicinal purposes, as defined in existing laws.

One-Time Payments

Once the bill is enacted, the Secretary of Agriculture must provide one-time payments to eligible agricultural producers within 90 days. These payments are intended to cover necessary expenses related to:

• Losses of revenue
• Quality or production losses of covered commodities, specialty crops, livestock, or poultry

Eligibility Criteria

To qualify for payments, agricultural producers must be actively engaged in farming, as defined by existing legislation. This ensures that the support is targeted at those currently involved in agricultural activities.

Administration and Appropriations

The bill gives the Secretary of Agriculture the authority to:

• Establish the terms and conditions under which payments will be made
• Implement the payment provisions in a manner deemed appropriate by the Secretary

Additionally, the bill authorizes an appropriation of $20 billion for the fiscal year 2026 from qualifying tariff proceeds to fund the payments, which will remain available until they are fully expended.

Relevant Companies

• DE - Deere & Company: As a major supplier of agricultural machinery, Deere & Company could see increased sales due to expanded farming activity resulting from this bill.
• DLPH - Delphi Technologies: Engaged in optimizing automotive technologies, potential changes in agricultural transportation and logistical needs may impact their operations.
• ADM - Archer-Daniels-Midland Company: This company deals with agricultural products and food processing, and may benefit from increased production from farmers receiving payments.