S. 4347: America Grows Act of 2026

The America Grows Act of 2026 aims to enhance funding for agricultural research in the United States. The bill details several key components:

Funding Increases

The legislation proposes an increase in appropriations for specific agricultural research agencies:

• For fiscal year 2027, funding will be set at 105% of the new budget authority assigned to these agencies in the previous fiscal year (2026), adjusted for inflation based on the Consumer Price Index.
• This increase is also planned for the subsequent years up to fiscal year 2036, ensuring that funding continues to grow by at least 5% plus inflation each year.
• For fiscal year 2037 and beyond, the funding will continue to match the previous year's amount, adjusted for inflation.

Funding Recipients

The bill designates specific federal agencies to receive the additional funds:

• The Agricultural Research Service (ARS)
• The Economic Research Service (ERS)
• The National Agricultural Statistics Service (NASS)
• The National Institute of Food and Agriculture (NIFA)

Exemption from Sequestration

The bill includes a provision that the appropriations made under this act will be exempt from sequestration under the Balanced Budget and Emergency Deficit Control Act of 1985. This means that during times of budget cuts or deficit control measures, the funding allocated for these agricultural agencies will not be subject to reductions.

Budgetary Effects

Additionally, it states that the budgetary effects of this legislation will not be recorded on any PAYGO (Pay-As-You-Go) scorecards, which typically track the impact of new legislation on the federal budget.

Implementation Timeline

The provisions outlined in this bill, once enacted, would ensure consistent and increasing funding for agricultural research over the span of several fiscal years, thereby potentially enhancing the capacity and effectiveness of agricultural research efforts in the U.S.

Relevant Companies

• DE (Deere & Company): As a major manufacturer of agricultural machinery, Deere may benefit from advancements in agricultural techniques and technologies funded by increased agricultural research.
• AGRO (FMC Corporation): This company is involved in agricultural products and technologies, and increased funding for agricultural research may lead to innovations that benefit their operations.