Exhibit 666

Public Law 119-21 (H.R. 1), Title I, Committee on Agriculture, Nutrition, and Forestry (sections 10101 to 10607)

Exhibit 666 · Statute

Public Law 119-21 (H.R. 1), Title I, Committee on Agriculture, Nutrition, and Forestry (sections 10101 to 10607)

For the 2025 crop year and each crop year thereafter, the Secretary shall annually adjust the amounts described in subsections (b) and (c) for inflation based on the Consumer Price Index for All Urban Consumers

Sec. 10301 sets new statutory reference prices from crop year 2025 (for example corn $4.10 a bushel, soybeans $10.00, wheat $6.35) and raises the effective reference price from 85 to 88 percent. Sec. 10302 allocates up to 30,000,000 additional base acres. Sec. 10306 extends partnership treatment to S corporations and limited liability companies as 'qualified pass-through entities'. Sec. 10307 raises the payment limit from $125,000 to $155,000 and indexes it to inflation. Sec. 10308 lifts the $900,000 adjusted gross income limit for operations with at least 75 percent of income from farming, ranching or silviculture activities for certain payments. Sec. 10502 raises the premium subsidy for area-based coverage from 65 to 80 percent and sec. 10504 raises premium support at five coverage tiers. Subtitle A changes SNAP (secs. 10101 to 10108).

Source: U.S. Congress (139 Stat. 72)
Date: 4 July 2025
Quoted from: Sec. 10307, 139 Stat. 92
Grade: Primary record
Document: https://www.govinfo.gov/content/pkg/PLAW-119publ21/html/PLAW-119publ21.htm
Accessed: 2026-11-09
Cited by: Findings citing this exhibit

Cited by

Finding AGR-3.12: Primary record P.L. 119-21 (4 July 2025) set higher statutory reference prices from crop year 2025, allocated up to 30,000,000 additional base acres, raised the payment limit from $125,000 to $155,000 with inflation indexing, and defined partnerships, S corporations and LLCs as qualified pass-through entities. It also raised the premium subsidy for area-based crop insurance coverage from 65 to 80 percent and raised five other premium support rates by 3 to 5 percentage points.
Finding AGR-3.13: Primary record CBO estimated that Title I of P.L. 119-21 reduces outlays by $121 billion over fiscal years 2025 to 2034, with nutrition changes reducing outlays by $187 billion and other agriculture subtitles adding a net $66 billion. CRS reports that the nutrition title makes up about 72 percent of farm bill mandatory spending in CBO’s February 2026 baseline.