Tariff Impacted Farmer Support Act of 2026

This bill mandates the Secretary of Agriculture to establish an economic assistance program for qualifying producers experiencing revenue losses in crop years 2025 and 2026. The assistance targets losses related to covered commodities , which include corn, cotton, peanuts, poultry, and soybeans. Payments are calculated based on a formula that measures the difference in a producer's total revenue for covered commodities between the current crop year and the preceding one. The program is funded by allocating $15 billion from the Commodity Credit Corporation , with $7.5 billion designated for crop year 2025 and another $7.5 billion for crop year 2026. Payments for 2025 are due by November 1, 2026, and for 2026 by November 1, 2027. A key provision is a one-time payment limitation , meaning a qualifying producer can only receive assistance for either crop year 2025 or 2026, but not both. To be considered a qualifying producer, an individual must have an average adjusted gross income of not more than $500,000 for the relevant crop years and provide necessary revenue documentation.