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Brookings fellow Farah Khan argues for a more equitable Farm Bill, noting SNAP now makes up about 76% of spending and is projected to rise to 84% in the current version. The House bill proposes a $30 billion SNAP cut over a decade by limiting Thrifty Food Plan adjustments to inflation.
Farm Bill fights over SNAP versus commodity support shape the policy backdrop for farm safety nets, though the direct effect on feed commodity prices is limited in the near term.
brookings.eduFarah KhanSep 26, 2024After 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.
