PLANT Act

The PLANT Act (Peas, Legumes, And Nuts Today Act) creates new support systems for plant-based food producers by amending agricultural programs to include plant protein products like peas, legumes, and mushrooms. It increases marketing loan rates for certain commodities (including mushrooms at $1.16 per pound), defines "plant protein products" for the first time, and establishes an Office of Plant-Based Foods and Innovative Production. The bill authorizes $25 million annually for fiscal years 2024-2028 to fund research, business development, and market expansion for plant-based foods through programs like the Plant-Based Food Innovation Initiatives. It directly affects farmers growing plant-based ingredients, food processors, and rural communities working with these products. The legislation provides concrete policy changes to support the growing plant-based food industry through defined programs and dedicated funding.