Click here to read AFBF’s most recent Market Intel report on the farm economy and the next Farm Bill. 

Key Takeaways

The One Big Beautiful Bill Act (OBBBA) made significant modifications to USDA mandatory farm programs and the Supplemental Nutrition Assistance Program (SNAP). Following these changes, the Congressional Budget Office (CBO) now projects 10-year spending for farm and nutrition programs at $1.4 trillion.

Despite persistent low crop prices, high input costs and tight margins, current farm bill safety net programs delivered only about $2 billion for the 2024 crop year, according to CBO. With support from the OBBBA-enhanced programs not arriving until fiscal year 2027, many farms continue to face financial strain — making additional bridge assistance critical for weathering the upcoming growing season.

While OBBBA made a historic investment in farm bill risk management tools, several farm bill programs were left out, and Congress must still pass a bipartisan farm bill reauthorization to address those remaining gaps.