The Farm Input Cost and Food Supply Chain Stabilization Act

To help reduce grocery inflation and lower input costs for farmers and food producers, this bill would authorize targeted tax incentives, expedited federal permitting, and competitive grants for the domestic expansion of fertilizer production, refinery capacity for on-road and farm fuel, and regional food-processing, storage, and rail-connected distribution infrastructure; require the U.S. Department of Agriculture, Department of Energy, and Department of Transportation to coordinate implementation with priority for high-need agricultural states including Iowa; and direct regular reporting to Congress on impacts to fertilizer prices, fuel costs, processing bottlenecks, and consumer food prices.