 One Big Beautiful Boost in U.S. Agricultural Trade PromotionDongin Kim No 391402, ARPC Brief from North Dakota State University Abstract: The One Big Beautiful Bill (OBBB), passed by the U.S. Senate on June 29, 2025, substantially expands federal support for U.S. agricultural export promotion. Relative to CBO's January 2025 baseline, the bill increases total agricultural outlays by $65.69 billion through FY2034, including $2.19 billion in new mandatory funding for trade promotion under Title I, Subtitle F (Investments in Rural America). Beginning in FY2027, an OBBB Supplemental Agricultural Trade Promotion Program provides $268–$285 million annually in additional resources, in addition to baseline funding for the Market Access Program (MAP; $200 million per year) and the Foreign Market Development (FMD; $35 million per year) program. As a result, annual trade promotion funding is projected to exceed $540 million by FY2034, and total export-related outlays are projected to reach approximately $825 million, including Food for Progress. This scale-up aims to strengthen the capacity for sustained market development and brand-building in priority destinations, improving U.S. competitiveness against major rivals and enhancing farm-sector resilience under tighter trade conditions, supply-chain disruptions, and climate-related shocks. Keywords: Agricultural and Food Policy; International Relations/Trade (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ags:arpcbr:391402 Access Statistics for this paper More papers in ARPC Brief from North Dakota State University |
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