WASHINGTON, D.C. –  Today, Ag Investment for America, a coalition of leading U.S. growers and manufacturers, applauds Representatives David Kustoff (R-TN-08) and Jim Costa (D-CA-21) for the introduction of the Grown in America Act of 2024. The proposed legislation creates a new incentive for American manufacturers to purchase agriculture commodities from U.S. farmers. The bipartisan bill would boost demand for domestically grown crops, reduce reliance on imported goods, and support American farmers and rural communities. Representatives David Rouzer (R-NC-07), Mike Carey (R-OH-15), and Mark Alford (R-MO-04) joined Representatives Kustoff and Costa as original co-sponsors.

Ag Investment for America is dedicated to bolstering domestic supply chains, specifically through homegrown products and commodities, to enhance the U.S. economy and rural communities. The growing coalition launched in June 2024 to support policies to invigorate the American agriculture industry and support domestic farmers' cooperatives, farmer-owned businesses, and American manufacturers through the tax credit.

“Our broad coalition of American manufacturers and growers supports the Grown in America Act of 2024, a bipartisan proposal to encourage U.S. manufacturers to source more agricultural products from U.S. farmers,” said a spokesperson for Ag Investment for America. “This new incentive for purchasing American-grown crops would benefit the U.S. economy, increase supply chain stability, and encourage domestic job growth. Now is the time to incentivize domestic investment and support American farmers and manufacturers.”

"A strong and resilient agriculture and food sector is vital to America’s economy and national security," said Representative Kustoff. "It is imperative we support our famers here at home and ensure they are not losing out to foreign competitors. That is why I introduced the Grown in America Act of 2024. Incentivizing businesses to purchase from American farmers will help strengthen our supply chains, stimulate domestic investment and job creation, and reduce our over-reliance on foreign markets."

"Our legislation is a win for American farmers, producers, dairymen, and women, especially those in the San Joaquin Valley, by lowering costs and boosting domestic manufacturing,” said Representative Costa. “By offering tax credits for manufacturers who purchase U.S.-grown agricultural products, it strengthens supply chains and supports farmers who are price takers, not price makers. This vital step ensures American agriculture remains competitive, helping both farmers and manufacturers thrive in the global economy."

“Our membership spans from the seeds planted in American fields to the final goods that make their way to your local grocery store shelves. It's essential to encourage legislative efforts that strengthen demand for home-grown products,” said a spokesperson for the National Council of Farmer Cooperatives. “We are thankful Representative David Kustoff and Representative Jim Costa share in that commitment. Their legislation recognizes the incentives necessary to boost demand for home-grown crops, reducing reliance on imported goods and strengthening our supply chain.”

"Supporting agriculture is essential to building a resilient economy and securing a stable future. This tax credit delivers clear benefits for both American farmers and businesses. By offering meaningful incentives to encourage a shift toward domestic sourcing, it will strengthen markets for our growers, reduce supply chain vulnerabilities, and enhance domestic food security,” said a spokesperson for the National Sorghum Producers.

Ag Investment for America previously released a study conducted by the Texas A&M Agricultural and Food Policy Center, which evaluated the impacts of a federal tax credit similar to the legislation introduced. The report found such an incentive will directly increase demand for domestic agricultural commodities across rural America. The complete study can be found here.

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ABOUT AG INVESTMENT FOR AMERICA:

Ag Investment for America is a multi-industry coalition of domestic growers and manufacturers encouraging policymakers to enact tax policies that boost demand for American-made products. Ag Investment for America publicly launched in June to push for policies that boost demand for American crops. The new coalition is made up of leading domestic growers and manufacturers, including the National Association of Wheat Growers, the National Council of Farmer Cooperatives, USA Rice, the Catfish Farmers of America, the National Association of Manufacturers, the American Malting Barley Association, FMI, The Food Industry Association, U.S. Chamber of Commerce, National Barley Growers Association and National Sorghum Producers.