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A CRS FAQ explains the farm bill process and notes that the FY2025 budget reconciliation law (P.L. 119-21) reauthorized several farm bill mandatory programs.
It also outlines which discretionary and mandatory programs may still need revision.
Clarity on which farm programs are funded through 2031 reduces policy uncertainty for producers, but it has little immediate price impact on feed commodities.
everycrsreport.comDec 18, 2025After 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.
