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A Purdue Center for Commercial Agriculture paper questions the future of the US Farm Bill, tracing three decades of farm policy since the 1996 Freedom to Farm Act. It argues that policy has drifted from its original free-trade vision toward protectionism and gridlock.
Long-run uncertainty over farm support and trade orientation affects planting and export expectations, but the commentary carries little immediate price impact.
ag.purdue.eduMorgan FrenchMar 23, 2026After 1,623 past policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.4% to +1.5%), and +0.4% over 20.
After 1,905 past policy events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.2% over 20.
After 1,019 past policy events, Wheat (SRW) moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.5%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
