# Farm bill's death puts key programs in jeopardy as trade deficit explodes | An official publication of Michigan Farm Bureau

> Michigan Farm Bureau reports the US agricultural trade deficit has reached $42.5 billion, and the expired farm bill extension threatens export promotion programs under Title III. Programs like MAP and FMD fund market development for US farm exports.

- Date: 2024-10-25 · published 2024-10-25T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/27848-farm-bill-s-death-puts-key-programs-in-jeopardy-as-trade-deficit-explodes-an
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Reduced export promotion funding could weaken long-run US farm export demand, a mild bearish factor for US grain and oilseed prices.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-06-04 | [One Big Beautiful Bill Act: Agricultural Provisions \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/24187-one-big-beautiful-bill-act-agricultural-provisions-farm-bureau-intel-markets.md) | +1.6% | +0.9% |
| SOY | 2018-07-24 | [USDA announces $12 billion in programs for farmers affected by trade war - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/64020-usda-announces-12-billion-in-programs-for-farmers-affected-by-trade-war-agweek.md) | +3.2% | +4.0% |
| SOY | 2025-12-23 | [Amendment to the EUDR published – changes to deadlines and simplification of obligations now official - Andersen](https://feedsoft.ai/events/21524-amendment-to-the-eudr-published-changes-to-deadlines-and-simplification-of.md) | -0.7% | +1.0% |
| SOY | 2023-06-30 | [Renewable Fuel Standard Final Rule – 2023, 2024, 2025: Increases Short of Expectations \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/15301-renewable-fuel-standard-final-rule-2023-2024-2025-increases-short-of.md) | +0.2% | +0.3% |
| SOY | 2025-03-19 | [Farmers Caught in Crossfire of Chinese Ship Fee Fight \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/25782-farmers-caught-in-crossfire-of-chinese-ship-fee-fight-farm-bureau-intel-markets.md) | -1.1% | +2.3% |
| CORN | 2025-06-04 | [One Big Beautiful Bill Act: Agricultural Provisions \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/24187-one-big-beautiful-bill-act-agricultural-provisions-farm-bureau-intel-markets.md) | -1.9% | -0.9% |
| CORN | 2018-07-24 | [USDA announces $12 billion in programs for farmers affected by trade war - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/64020-usda-announces-12-billion-in-programs-for-farmers-affected-by-trade-war-agweek.md) | +1.7% | +1.4% |
| CORN | 2019-01-28 | [Farm subsidies to leap on $9.8 billion in trade aid \| 2019-01-28 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/61080-farm-subsidies-to-leap-on-9-8-billion-in-trade-aid-2019-01-28-agri-pulse-agri.md) | +0.7% | +0.8% |

## Sources

- michiganfarmnews.com: https://www.michiganfarmnews.com/farm-bill-s-death-puts-key-programs-in-jeopardy-as-trade-deficit-explodes

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