Even after accounting for crop insurance indemnities and prior ad hoc assistance, the agriculture sector continues to experience multi-billion-dollar losses each year. The FBA program is a needed step toward easing financial strain in the farm economy, but it is not expected to cover the full extent of row crop losses during this prolonged period of elevated costs, low crop prices and weak margins. Additionally, the $1 billion allocated for specialty crops falls short of addressing the total losses that specialty crop producers are facing.
Importantly, the FBA program is designed to serve as an economic bridge until the One Big Beautiful Bill Act (OBBBA) enhancements take effect beginning in fiscal year 2026.
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