ILLINOIS AGRICULTURAL ASSOCIATION

Farm Bill - No text has been released for farm bill. IFB has lobbied for the passage of a new farm bill. Specifically, IFB has advocated on the following issues: 1. Title one (commodities): Increase in reference prices for commodities. 2. Title 11 (crop insurance): Keep the program and increase in premium support for our farmers. 3. California's Prop. 12 fix: state mandated size requirements for hog cages. 4. Worked to keep the SNAP title apart of the farm bill and keep the coalition together for a bi-partisan bill

A renewal of the 2017 Tax Cuts and Jobs Act and to make tax provisions permanent. Specifically, IFB asked for support on the following tax provisions: 1. Permanently repealing estate taxes. 2. Support stepped- up basis at time of inheritance. 3. Supporting the deduction for pass-through business income (IRC Section 199A). 4. Support of the alternative minimum tax exemption and phaseoutes (IRC Section 55). 5. Support of bonus depreciation provisions (IRC Section 168 (k)). 6. Support like-kind exchanges (IRC section 1031).

Support trade agreements (United States, Mexico, Canada Agreement - USMCA). IFB advocated to keep the agreement and work through the 2026 review process. IFB supports keeping the exemptions on tariffs for agriculture products and commodities. Worked on getting new trade deals done and advocated for a trade deal between the United Kingdom and the United States.

IFB advocated for the administration to not impose tariffs on U.S. trading partners. IFB advocated to honor trade agreements. IFB advocated to not impose reciprocal tariffs on counties, whether the U.S. had a trade agreement or not. IFB advocated to honor the partnership between the United States, Canada and Mexico.

House Budget Package - IFB expressed concern over the budget rule to cut $1.5 trillion. Specifically, IFB has concerns over the cuts the House Agriculture Committee has been ordered to cut. Senate Budget - IFB expressed concern on the desire to make major cuts to the budget on the House side. IFB encouraged IL Senators to fight for a compromised package with the House.

Year round E15. The Nationwide Consumer and Fuel Retailer Choice Act. IFB supports this legislation and worked to get year-round, nationwide sale of ethanol blends up to 15%. Sustainable Aviation Fuel - IFB provided comments to the Department of Agriculture. IFB expressed our support for the program and asked for an extension of the tax credits.