Home/All Topics/OBBBA Text(a) Loan rate modifications.—Section 156 of the Federal Agriculture Improvement and Reform Act of 1996 (7 U.S.C. 7272) is amended— (1) in subsection (a)— (A) in paragraph (4), by striking “and” at the end; (B) in paragraph (5), by striking “2023 crop years.” and inserting “2024 crop years; and”; and (C) by adding…

Home/All Topics/OBBBA TextSection 1207(c) of the Agricultural Act of 2014 (7 U.S.C. 9037(c)) is amended by striking paragraph (2) and inserting the following: “(2) VALUE OF ASSISTANCE.—The value of the assistance provided under paragraph (1) shall be— “(A) for the period beginning on August 1, 2013, and ending on July 31, 2025, 3 cents per…

Home/All Topics/OBBBA TextSection 1204 of the Agricultural Act of 2014 (7 U.S.C. 9034) is amended— (1) in subsection (b)— (A) by redesignating paragraph (1) as subparagraph (A) and indenting appropriately; (B) in the matter preceding subparagraph (A) (as so redesignated), by striking “The Secretary” and inserting the following: “(1) IN GENERAL.—The Secretary”; and (C) by…

Home/All Topics/OBBBA Text(a) Availability of nonrecourse marketing assistance loans for loan commodities.—Section 1201(b)(1) of the Agricultural Act of 2014 (7 U.S.C. 9031(b)(1)) is amended by striking “2023” and inserting “2031”. (b) Loan rates for nonrecourse marketing assistance loans.—Section 1202 of the Agricultural Act of 2014 (7 U.S.C. 9032) is amended— (1) in subsection (b)— (A)…

Home/All Topics/OBBBA TextSection 1001D(b) of the Food Security Act of 1985 (7 U.S.C. 1308–3a(b)) is amended— (1) in paragraph (1), by striking “paragraph (3)” and inserting “paragraphs (3) and (4)”; and (2) by adding at the end the following: “(4) EXCEPTION FOR CERTAIN OPERATIONS.— “(A) DEFINITIONS.—In this paragraph: “(i) EXCEPTED PAYMENT OR BENEFIT.—The term ‘excepted…

Home/All Topics/OBBBA TextSection 1001 of the Food Security Act of 1985 (7 U.S.C. 1308) is amended— (1) in subsection (b)— (A) by striking “The” and inserting “Subject to subsection (i), the”; and (B) by striking “$125,000” and inserting “$155,000”; (2) in subsection (c)— (A) by striking “The” and inserting “Subject to subsection (i), the”; and…

Home/All Topics/OBBBA Text(a) In general.—Section 1001 of the Food Security Act of 1985 (7 U.S.C. 1308) is amended— (1) in subsection (a)— (A) by redesignating paragraph (5) as paragraph (6); and (B) by inserting after paragraph (4) the following: “(5) QUALIFIED PASS-THROUGH ENTITY.—The term ‘qualified pass-through entity’ means— “(A) a partnership (within the meaning of…

Home/All Topics/OBBBA TextSection 1117 of the Agricultural Act of 2014 (7 U.S.C. 9017) is amended— (1) in subsection (a), in the matter preceding paragraph (1), by striking “2023” and inserting “2031”; (2) in subsection (c)— (A) in paragraph (1), by inserting “for each of the 2014 through 2024 crop years and 90 percent of the…

Home/All Topics/OBBBA TextSection 1116 of the Agricultural Act of 2014 (7 U.S.C. 9016) is amended— (1) in subsection (a)(2), in the matter preceding subparagraph (A), by striking “2023” and inserting “2031”; (2) in subsection (c)(1)(B)— (A) in the subparagraph heading, by striking “2023” and inserting “2031”; and (B) in the matter preceding clause (i), by…

Home/All Topics/OBBBA Text(a) In general.—Section 1115 of the Agricultural Act of 2014 (7 U.S.C. 9015) is amended— (1) in subsection (a), in the matter preceding paragraph (1), by striking “2023” and inserting “2031”; (2) in subsection (c)— (A) in the matter preceding paragraph (1)— (i) by striking “crop year or” and inserting “crop year,”; and…

Home/All Topics/OBBBA TextSection 1112 of the Agricultural Act of 2014 (7 U.S.C. 9012) is amended— (1) in subsection (d)(3)(A), by striking “2023” and inserting “2031”; and (2) by adding at the end the following: “(e) Additional base acres.— “(1) IN GENERAL.—As soon as practicable after the date of enactment of this subsection, and notwithstanding subsection…

Home/All Topics/OBBBA Text(a) Effective reference price.—Section 1111(8)(B)(ii) of the Agricultural Act of 2014 (7 U.S.C. 9011(8)(B)(ii)) is amended by striking “85” and inserting “beginning with the crop year 2025, 88”. (b) Reference price.—Section 1111 of the Agricultural Act of 2014 (7 U.S.C. 9011) is amended by striking paragraph (19) and inserting the following: “(19) REFERENCE…