ILLINOIS AGRICULTURAL ASSOCIATION

Farm Bill provisions within the One Big Beautiful 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. Additionally IFB has requested an additional farm bill that addresses provisions and issues that are not allowed in the reconciliation package. The main focus of this request is: 1. interstate commerce, or a fix to California's Prop. 12, which is a state mandated size requirements for hog cages. 2. Additional dollars for trade programs and conservation program refinements. Additionally, IFB advocated for USDA Farm Service Agency offices within counties across Illinois. these offices are important to farmers.

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 worked on sharing the importance of trade deals for agriculture. Conversations around the administrations blanket tariffs resulted in many meetings with IFB sharing our dislike of them.

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.

IFB expressed support of the tax cuts and the farm provisions within the One Big Beautiful Bill. IFB express support for making the 2017 Tax Cuts and Jobs Act provisions permanent. IFB expressed support for the increase in reference prices and support of the crop insurance titele in the ag provisions of the final package.