Tariff Impacted Farmer Support Act of 2026

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9704 Introduced in House (IH)]

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119th CONGRESS
  2d Session
                                H. R. 9704

  To direct the Secretary of Agriculture to make economic assistance
   payments to qualifying producers for certain revenue losses with
        respect to covered commodities, and for other purposes.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                             July 15, 2026

 Mr. Figures (for himself and Mr. Thompson of Mississippi) introduced
 the following bill; which was referred to the Committee on Agriculture

_______________________________________________________________________

                                 A BILL

  To direct the Secretary of Agriculture to make economic assistance
   payments to qualifying producers for certain revenue losses with
        respect to covered commodities, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Tariff Impacted Farmer Support Act
of 2026''.

SEC. 2. ECONOMIC ASSISTANCE PAYMENTS TO QUALIFYING PRODUCERS.

    (a) In General.--Subject to subsection (c), for each of crop years
2025 and 2026, the Secretary of Agriculture shall make economic
assistance payments to qualifying producers for revenue losses with
respect to covered commodities.
    (b) Payment Amounts.--
            (1) In general.--The Secretary shall make payments to each
        qualifying producer under subsection (a) using a formula
        determined by the Secretary in accordance with paragraph (2).
            (2) Formula for payments.--The formula determined under
        paragraph (1) shall--
                    (A) with respect to a crop year, be based on the
                difference between--
                            (i) the total revenue of a qualifying
                        producer with respect to covered commodities
                        for the preceding crop year; minus
                            (ii) the total revenue of such qualifying
                        producer with respect to covered commodities
                        for that crop year; and
                    (B) ensure that the total amount of payments made
                to qualifying producers under subsection (a) does not
                exceed the amount of funding specified in subsection
                (d).
    (c) One-Time Payment Limitation.--A qualifying producer that
receives an economic assistance payment under subsection (a) for
revenue losses with respect to covered commodities for crop year 2025
may not receive a payment under such subsection for revenue losses with
respect to covered commodities for crop year 2026.
    (d) Funding.--
            (1) In general.--Of the funds of the Commodity Credit
        Corporation, the Secretary shall use $15,000,000,000 to carry
        out this section in accordance with paragraph (2).
            (2) Use of funding.--From the amount of funding specified
        in paragraph (1), the Secretary shall use to make payments
        under subsection (a)--
                    (A) $7,500,000,000 for crop year 2025; and
                    (B) $7,500,000,000 for crop year 2026.
            (3) Payment deadlines.--The Secretary shall make payments
        under subsection (a)--
                    (A) not later than November 1, 2026, for crop year
                2025; and
                    (B) not later than November 1, 2027, for crop year
                2026.
    (e) Definitions.--In this section:
            (1) The term ``average adjusted gross income'' means the
        average adjusted gross income (as defined in section 1001D of
        the Food Security Act of 1985 (7 U.S.C. 1308-3a)) of a person
        or legal entity (as defined in section 1001 of such Act (7
        U.S.C. 1308)) that derives from covered commodities.
            (2) The term ``covered commodity'' means corn, cotton,
        peanuts, poultry, or soybeans.
            (3) The term ``qualifying producer'' means a producer
        that--
                    (A) has an average adjusted gross income of not
                more than $500,000 for--
                            (i) the crop year for which such producer
                        seeks a payment under subsection (a); and
                            (ii) the crop year preceding such crop
                        year; and
                    (B) submits to the Secretary documentation of total
                revenue for each crop year described in clauses (i) and
                (ii) of subparagraph (A), including receipts,
                contracts, and any such other records as determined
                appropriate by the Secretary.
            (4) The term ``total revenue'' means, with respect to a
        crop year, the amount equal to--
                    (A) the average adjusted gross income of a
                qualifying producer for such crop year; minus
                    (B) the cost of production relating to the covered
                commodities of such qualifying producer for such crop
                year.
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