bountiful, excellent, rich
豐 centers on abundance and high quality: something bountiful, rich, or excellent. The meanings all point to a state of plentiful goodness.
豐 is an ancient character depicting a vessel (豆) filled with offerings, symbolizing abundance and richness. The upper part likely represents the piled contents.
Picture a ceremonial vessel (豆) overflowing with grain and treasures, representing bountiful richness and excellence.
For ホウ, imagine a bountiful harvest being announced with a loud 'hoe!' as farmers till the rich soil: hoe -> ホウ.