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Oklahoma State economist Amy Hagerman said a new farm bill before the new administration takes office in January is unlikely. She urged producers to monitor disaster programs and meet January sign-up deadlines because the 2018 farm bill has expired.
She warned that rolling over into permanent legislation would create negative consequences for Title 1 programs.
Uncertainty over commodity program sign-ups could affect farmers' marketing and acreage decisions for corn and soybeans. The effect on prices is modest and largely expected.
farmprogress.comRon SmithDec 10, 2024After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.
After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% 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.
