[Congressional Record Volume 172, Number 115 (Wednesday, July 15, 2026)]
[Extensions of Remarks]
[Page E691]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
INTRODUCTION OF THE TARIFF IMPACTED FARMER SUPPORT ACT OF 2026
______
HON. SHOMARI FIGURES
of alabama
in the house of representatives
Wednesday, July 15, 2026
Mr. FIGURES. Mr. Speaker, today, I introduce the Tariff Impacted
Farmer Support Act of 2026, which would establish a temporary Farmer
Support and Revenue Loss Assistance Program to provide targeted relief
for producers of cotton, peanuts, soybeans, corn, and poultry. The
Trump Administration's tariffs and foreign policies have uniquely
impacted these farmers, who are experiencing significant revenue losses
due to increased fuel and fertilizer costs and a reduced ability to
export their products to foreign markets. This bill seeks to support
small and mid-sized family farming operations and ensure that America's
producers can continue feeding, fueling, and clothing our Nation.
Farmers across Alabama and the Nation continue to face rising
production costs, market volatility, and economic uncertainty that have
placed extraordinary pressure on family farming operations. These
challenges have been compounded by rising fuel and fertilizer costs due
to the Iran War and retaliatory tariffs resulting from the Trump
Administration's trade policies, which have reduced export
opportunities and created current and future uncertainty in
agricultural markets. For farmers operating on thin margins, a single
year of substantial losses can threaten the long-term viability of
their operations.
Agriculture remains a cornerstone of Alabama's and the American
economy, supporting rural communities and generating billions of
dollars in economic activity each year. Despite their importance, this
Administration has not adequately addressed the harm its policies and
decisions have had on farmers. While the Trump Administration extended
approximately $20 billion in financial support to the Government of
Argentina, American agricultural producers are facing measurable
financial strain and need support.
The Tariff Impacted Farmer Support Act of 2026 would authorize up to
$15 billion through the Commodity Credit Corporation to provide direct
assistance to qualifying agricultural producers of soybeans, cotton,
corn, peanuts, and poultry with no repayment obligation. Eligibility
would be limited to agricultural producers with gross annual farm
revenues of $500,000 or less, consistent with applicable definitions
under the Food Security Act. Assistance would be based on documented
revenue losses between the 2024 and 2026 crop years, utilizing
receipts, contracts, and other producer records to verify eligibility.
I encourage my colleagues to support and cosponsor the Tariff
Impacted Farmer Support Act of 2026.
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