The following is a quick fact sheet (link) released by the House Ag Committee on the economic assistance that is provided in the current Continuing Resolution (CR), modeled off of Rept. Trent Kelly’s (R-Miss.) FARM Act (HR 10045). There is a background portion, a list of eligible commodities, a payment formula, administrative provisions, and estimated payment rates.
House Ag panel staffers say please keep in mind that the payment rates in this document are estimates and “almost certain to change slightly once implemented. These rates are the best approximation based on the data cited in text. This does incorporate the minimum payment rate provision. You’ll see that those crops receiving payments via the minimum payment provision have an asterisk.”
The House Ag panel had the Agricultural and Food Policy Center at Texas A&M analyze the impact of the economic assistance provided through this provision. Their findings suggest that the funds will improve ending cash position on their Representative Farm system by nearly 20% by the end of 2025.
Note: We previously released a special report that House Speaker Mike Johnson (R-La.) was prepping a “Plan B” for the CR that would be a “clean” measure and would not include key ag provisions contained in the current CR. The Plan B was first reported by Politico (not Punchbowl News as we initially signaled). Meanwhile, President-elect Donald Trump reportedly wants a debt ceiling increase in the CR and says if Democrats want to shut down the government if they don’t get all the stuff in the CR, call their bluff.