To prohibit the imposition of additional tariffs on agricultural inputs imported from countries to which the United States has extended normal trade relations, and for other purposes.

The Tariff Free Farming Act (HR7716) was introduced in the House of Representatives on February 25, 2026, and subsequently referred to the House Committee on Ways and Means. This bill seeks to prohibit the imposition of additional tariffs on a wide range of agricultural inputs, including seed, fertilizer, crop protection chemicals, livestock feed, fuel, machinery, building materials, and veterinary supplies, imported from countries with normal trade relations with the United States. The current status indicates it is in the early stages of the legislative process. This bill does not involve direct funding or appropriations. Instead, it provides regulatory relief by aiming to cap tariffs on agricultural inputs at their January 19, 2025, levels. This mechanism would prevent future cost increases for agricultural producers due to new tariffs. The benefit to companies would be through stabilized or potentially lower input costs for their agricultural customers, rather than direct government payments or contracts. Structural beneficiaries of this bill, if enacted, would include companies involved in the production and distribution of agricultural inputs, as well as agricultural producers themselves. Companies like $MOS (The Mosaic Company), $CF (CF Industries Holdings, Inc.), and $NTR (Nutrien Ltd.), which produce fertilizers, could see more stable demand if input costs for farmers are contained. Similarly, $CTVA (Corteva, Inc.), a major seed and crop protection chemical company, could benefit. Manufacturers of agricultural machinery such as $DE (Deere & Company) and $AGCO (AGCO Corporation), and agricultural commodity processors like $ADM (Archer-Daniels-Midland Company) and $BG (Bunge Global SA), could also see indirect benefits from a more stable agricultural economy. Energy companies like $CVX (Chevron Corporation) and $XOM (Exxon Mobil Corporation), which supply fuel, are also listed as potential beneficiaries due to the inclusion of fuel and energy articles as agricultural inputs. Recent market data shows mixed performance among these companies. Over the past 7 days, $MOS has increased by +6.04%, $DE by +3.53%, $ADM by +2.27%, $BG by +1.73%, $AGCO by +1.58%, and $CTVA by +1.57%. Conversely, $CF has decreased by -4.81%, $CVX by -5.62%, $XOM by -4.72%, and $NTR by -0.97%. Over the past 30 days, $CF has seen a significant increase of +18.23%, $BG +13.49%, $ADM +10.3%, $CTVA +10%, $XOM +8.36%, $MOS +0.88%, and $NTR +1.91%. In contrast, $AGCO has decreased by -10.27% and $DE by -2.64%. The bill's early stage means its potential impact is not yet reflected in these trends, which are influenced by broader market and sector-specific factors. The next legislative steps involve consideration by the House Committee on Ways and Means. Given its early stage, the bill faces a lengthy process of committee review, potential amendments, and votes in both the House and Senate before it could become law.