President Trump on July 4 signed into law One Big Beautiful Bill, a budget and tax package with major implications for agriculture. For Florida farmers, ranchers and rural communities, the bill delivers meaningful wins across the board, Florida Farm Bureau stated. The wins include long-term funding for the Farm Bill, pro-growth tax relief and reforms to federal nutrition programs that bring much-needed accountability.
FARM BILL
At the heart of the agriculture victory is a $66 billion infusion into Farm Bill programs over the next decade, the largest single-year increase in modern history. Key highlights include:
- $20 billion for crop insurance and commodity programs. This funding strengthens tools that help producers manage risk in the face of extreme weather and market instability.
- $15 billion for disaster relief and specialty crop support. Florida specialty crop producers — particularly those in citrus, fruits and vegetables — stand to benefit from a dedicated disaster assistance fund designed to respond faster and more flexibly after hurricanes, freezes and disease outbreaks. There’s additional targeted aid for citrus greening and fresh produce infrastructure.
- $10 billion for conservation programs. The Environmental Quality Incentives Program and Conservation Stewardship Program receive substantial boosts, rewarding producers who voluntarily adopt conservation practices that preserve water quality, improve soil health and sustain wildlife habitat.
- $8 billion for agricultural trade promotion. This expands access to global markets. This investment includes resources for the Market Access Program and Foreign Market Development Cooperator Program to help farmers grow demand for U.S. commodities abroad.
- $5 billion for research, Extension and rural development. This funding will range from University of Florida Institute of Food and Agricultural Sciences research to broadband expansion in rural counties.
- $8 billion in nutrition program adjustments to support local agriculture. A portion of Supplemental Nutrition Assistance Program (SNAP) funding is redirected to support purchases of fresh, local foods.
TAX RELIEF
The bill makes permanent key provisions of the 2017 Tax Cuts and Jobs Act, including the 20% small business deduction, expanded expensing under Section 179 and enhanced estate tax exemptions — now set at $15 million for individuals and $30 million for joint filers.
These tax provisions are especially beneficial for Florida’s multi-generational farms. Making the estate tax exemption permanent protects family-owned operations from being forced to sell land or assets to pay federal taxes during succession. Full expensing for equipment purchases allows farmers to reinvest in their operations and improve efficiency.
SNAP REFORMS
The bill includes significant reforms to SNAP, projected to reduce federal spending by over $100 billion over a decade. These savings come primarily through strengthened work requirements for able-bodied adults without dependents and greater enforcement of eligibility rules.
Source: Florida Farm Bureau
Share this Post