House Agriculture Committee Chairman Glenn Thompson (R-Pa.) introduced a new farm bill and said the committee would hold a markup on it this month.
Details: Thompson said the Farm, Food, and National Security Act of 2026:
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Would provide certainty to farmers, ranchers, and rural communities.
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Builds on ag investments made last summer in H.R. 1.
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Is very similar to its namesake in 2024, with a few key updates.
Recent ICBA Farm Advocacy:
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ICBA last week urged Congress to pass an additional farm economic assistance package.
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ICBA and 60 farm groups this month expressed opposition to crop insurance cuts during the budget process.
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ICBA last month said it supports favorable provisions of IRS guidance regarding the ACRE Act tax exclusion for interest earned on agricultural real estate loans.
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ICBA and other groups in October urged President Donald Trump to provide financial assistance to farmers as a bridge until market demand for agricultural commodities boosts prices.
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ICBA sent a letter in October to the Treasury and Agriculture departments urging the administration’s support for a farm aid package as large or larger than the $10 billion package adopted by Congress last year.