The article reviews the outlook for a new Farm Bill under the second Trump administration. The current 2018 Farm Bill was extended to September 30, 2025, and the new administration has put the Farm Bill lower on its agenda.
Economic instability and budget plans make near-term passage unlikely.
Delay in a new Farm Bill keeps existing support programs in place, which limits near-term policy shocks to feed supply and prices. Uncertainty over future program design may weigh on producer planning.
After 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.