New Markets for Farmers and Families Act

HR6775 was introduced on December 17, 2025, by Rep. Underwood (D-IL) and referred to the House Agriculture Committee, then to the Subcommittee on Forestry and Horticulture on May 20, 2026. The bill amends the Agricultural Marketing Act of 1946 to reauthorize the Farmers' Market and Local Food Promotion Program (FMLFPP). It increases the authorized funding from $50 million to $100 million annually for fiscal years 2019 through 2026, then drops to $50 million for 2027 and beyond. It also adjusts matching fund requirements and reserves 30% of funds for new farmers' markets run by entities that haven't received grants in three years. This is an authorization bill, not an appropriation—actual spending requires separate appropriations bills. The FMLFPP provides competitive grants to support local food enterprises, including farmers' markets, food hubs, and farm-to-institution programs. The primary beneficiaries are small-scale farmers, local food businesses, and non-profit organizations, none of which are publicly traded companies. The bill has only two cosponsors, both Democrats, and has not moved beyond subcommittee referral in five months. No Senate companion bill exists. The legislative path is long: it must pass the full House Agriculture Committee, the House floor, the Senate, and be signed by the President. Given the partisan divide and the bill's modest scope, passage in the 119th Congress is uncertain. There is no convergence with other federal signals or procurement data provided. The bill does not directly affect any publicly traded company's revenue streams, as the grants flow to local entities, not large agribusinesses. Companies like Archer-Daniels-Midland (ADM), Bunge (BG), or Corteva (CTVA) are not impacted because the program targets local food systems, not commodity markets or input sales. The bill's impact on the agriculture sector is minimal and indirect.