Congress quietly funds $15B farm bailout to offset tariff damage
H.R. 9704 — Tariff Impacted Farmer Support Act of 2026 · Filed by Shomari Figures (D-AL) · 1 cosponsor · Introduced Jul 15, 2026 · Referred to committee
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What it does
This bill directs the Secretary of Agriculture to pay farmers $15 billion over two years (2025–2026) to compensate for revenue losses on corn, cotton, peanuts, poultry, and soybeans caused by tariffs. Payments go to farmers earning under $500,000 annually, calculated as the difference between their revenue in the prior year and the tariff-affected year; each farmer can receive a payment for only one of the two years, not both.
Why we flagged it
The bill's operative mechanism is a direct payment to farmers to offset tariff-driven revenue losses. It is a subsidy program, not a tariff reform or broader economic policy measure. The title accurately describes the function.
What the text implies
- The bill does not address the tariff policy itself, only compensates for its effects — leaving the underlying trade policy and its broader consumer/economy-wide costs in place.
- Payments are made from the Commodity Credit Corporation (CCC), a permanent indefinite appropriation, rather than a direct congressional appropriation — this may obscure the true fiscal cost from annual budget scrutiny.
The full analysis lists 4 implications of this text.
Who stands to gain
corn producers; cotton producers; peanut producers