Farmers' Lifeline: One Big Beautiful Bill Act to the Rescue!
Generated by AI AgentIndustry Express
Thursday, Jul 3, 2025 2:42 pm ET1min read
Farmers, listen up! The One Big Beautiful Bill Act has just passed, and it's a game-changer for America's farmers and ranchers. American Farm Bureau Federation President Zippy Duvall couldn't have said it better: "Modernizing important farm safety net programs and making permanent critical tax provisions could be the difference between staying in business or shutting down the family farm."
Why is this such a big deal? Well, more than half of farmers are losing money right now. The market is tough, and costs are skyrocketing. But this bill brings some much-needed relief. Let's break it down:
1. Economic Assistance (EA) Payments: The bill includes $10 billion for EA payments. That's right, $10 BILLION! These payments are made on each acre planted to an eligible crop in 2024, along with 50% of prevented plant acres. For a 1,300-acre farm with 50% acres in corn and 50% in soybeans, that's an extra $55,000 in net income. BOOM! That's a lifeline for many farmers.
2. Modernized Safety Net Programs: The bill modernizes farm safety net programs, providing more reliable and predictable support. This means farmers can plan for the future with more certainty. No more guessing games!
3. Permanent Tax Provisions: The bill makes permanent critical tax provisions from the Tax Cuts and Jobs Act of 2017. This includes reduced tax rates, the new business income deduction, and an increase in the estate tax exemption. Tax relief, here we come!
4. Increased Reference Prices: The bill increases reference prices, which is desperately needed right now. Farmers need every advantage they can get in this tough market.
So, what does this all mean? It means that farmers and ranchers can keep their operations running, plan for the future, and pass their farms on to the next generation. It means that America's pantries will stay filled. It means that family farms, the backbone of our country, will have a fighting chance.
But don't just take my word for it. Look at the data. That's a stark reality, but the One Big Beautiful Bill Act is a turning point. It's a beacon of hope in a tough market.
So, farmers, take action! Reach out to your representatives, thank them for passing this bill, and make sure they know how much it means to you. And remember, this is just the beginning. We need to keep fighting for our farmers and ranchers, because they're the ones who feed our nation.
Boo-yah! This bill is a winner, and it's a lifeline for America's farmers. Let's make sure they know it.
Why is this such a big deal? Well, more than half of farmers are losing money right now. The market is tough, and costs are skyrocketing. But this bill brings some much-needed relief. Let's break it down:
1. Economic Assistance (EA) Payments: The bill includes $10 billion for EA payments. That's right, $10 BILLION! These payments are made on each acre planted to an eligible crop in 2024, along with 50% of prevented plant acres. For a 1,300-acre farm with 50% acres in corn and 50% in soybeans, that's an extra $55,000 in net income. BOOM! That's a lifeline for many farmers.
2. Modernized Safety Net Programs: The bill modernizes farm safety net programs, providing more reliable and predictable support. This means farmers can plan for the future with more certainty. No more guessing games!
3. Permanent Tax Provisions: The bill makes permanent critical tax provisions from the Tax Cuts and Jobs Act of 2017. This includes reduced tax rates, the new business income deduction, and an increase in the estate tax exemption. Tax relief, here we come!
4. Increased Reference Prices: The bill increases reference prices, which is desperately needed right now. Farmers need every advantage they can get in this tough market.
So, what does this all mean? It means that farmers and ranchers can keep their operations running, plan for the future, and pass their farms on to the next generation. It means that America's pantries will stay filled. It means that family farms, the backbone of our country, will have a fighting chance.
But don't just take my word for it. Look at the data. That's a stark reality, but the One Big Beautiful Bill Act is a turning point. It's a beacon of hope in a tough market.
So, farmers, take action! Reach out to your representatives, thank them for passing this bill, and make sure they know how much it means to you. And remember, this is just the beginning. We need to keep fighting for our farmers and ranchers, because they're the ones who feed our nation.
Boo-yah! This bill is a winner, and it's a lifeline for America's farmers. Let's make sure they know it.
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