# The Reconciliation Farm Bill: Top Five Most Problematic Changes to Farm Policy, #3 - farmdoc daily

> farmdoc daily's Jonathan Coppess ranks the large increases in statutory reference prices in the reconciliation farm bill as the third most problematic farm policy change. He notes the change is the most expensive in the bill, with ARC/PLC payments updated in the Policy Design Lab modeling.

- Date: 2025-08-22 · published 2025-08-22T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/23309-the-reconciliation-farm-bill-top-five-most-problematic-changes-to-farm-policy-3
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Higher reference prices raise support payments that can keep acreage in row crops, a bearish factor for corn and soybean prices over time.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-07-03 | [Farm Bill in Reconciliation: ARC/PLC Payment Projections; Policy Design Lab Update - farmdoc daily](https://feedsoft.ai/events/23744-farm-bill-in-reconciliation-arc-plc-payment-projections-policy-design-lab.md) | -5.1% | -5.0% |
| CORN | 2025-07-11 | [2025 Reconciliation Farm Bill – Summary Overview \| Farm Office](https://feedsoft.ai/events/23743-2025-reconciliation-farm-bill-summary-overview-farm-office.md) | -0.7% | -1.5% |
| CORN | 2023-11-24 | [China to Encourage "More Reasonable Level" of Pig Production - Farm Policy News](https://feedsoft.ai/events/33167-china-to-encourage-more-reasonable-level-of-pig-production-farm-policy-news.md) | -1.8% | -0.4% |
| CORN | 2024-09-27 | [Squeezing the Farmer, Part 1: Initiating Examination of a Persistent Challenge - farmdoc daily](https://feedsoft.ai/events/28290-squeezing-the-farmer-part-1-initiating-examination-of-a-persistent-challenge.md) | +2.2% | +1.0% |
| CORN | 2018-08-27 | [Trump farm bailout to provide $6 billion in initial relief](https://feedsoft.ai/events/63524-trump-farm-bailout-to-provide-6-billion-in-initial-relief.md) | +0.5% | +0.9% |
| SOY | 2025-07-03 | [Farm Bill in Reconciliation: ARC/PLC Payment Projections; Policy Design Lab Update - farmdoc daily](https://feedsoft.ai/events/23744-farm-bill-in-reconciliation-arc-plc-payment-projections-policy-design-lab.md) | -3.6% | -8.4% |
| SOY | 2026-08-25 | [The Policy that May Cause $1 billion in Lost Revenue for Farmers](https://feedsoft.ai/events/15002-the-policy-that-may-cause-1-billion-in-lost-revenue-for-farmers.md) | +4.9% | +9.0% |
| SOY | 2025-07-11 | [2025 Reconciliation Farm Bill – Summary Overview \| Farm Office](https://feedsoft.ai/events/23743-2025-reconciliation-farm-bill-summary-overview-farm-office.md) | +0.9% | -4.0% |

## Sources

- farmdocdaily.illinois.edu: https://farmdocdaily.illinois.edu/2025/08/the-reconciliation-farm-bill-top-five-most-problematic-changes-to-farm-policy-3.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.