Tariff Impacted Farmer Support Act of 2026

The Tariff Impacted Farmer Support Act of 2026 directs the Secretary of Agriculture to provide financial assistance to farmers who lost revenue on specific crops due to tariffs during the 2025 and 2026 crop years. Eligible producers must grow corn, cotton, peanuts, poultry, or soybeans and have an average adjusted gross income of $500,000 or less. Payments are calculated based on the difference between a farmer's revenue in the previous year and their current year's revenue, with a total funding cap of $15 billion split equally between the two years. A key provision prevents any single farmer from receiving payments for both 2025 and 2026 losses, and the funds must be distributed by November 1 of the following year.