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[quote=Anonymous]Some provisions within the BBB directly impact financial assistance and support for farmers:

1) Increased Reference Prices and Support: The BBB provides for across-the-board increases in reference prices and the calculation of effective reference prices, which is likely to result in an additional $10 billion in support for farmers in 2026.
    
2) Tax Cuts: The BBB is reported to cut taxes for farmers by over $10 billion and makes the current death tax exemption permanent, raising it to $15 million, according to Tulsa Today | a local news service.

3) Increased Agricultural Spending: Agricultural-facing spending by the federal government is projected to increase by $64 billion over the next decade, with the bulk of this allocated to farm safety net provisions like federal crop insurance and disaster assistance.
    
4) 100% Bonus Depreciation and Increased Section 179: The BBB restores 100% bonus depreciation for assets purchased after January 19, 2025, and increases the Section 179 deduction to $2.5 million for 2025.

In addition to these provisions, earlier in the year (March 18, 2025), the USDA announced it was expediting $10 billion in direct economic assistance to agricultural producers through the Emergency Commodity Assistance Program (ECAP) for the 2024 crop year. This assistance included payments for various commodities like wheat, sorghum, and cotton. 
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