# Farmers paint dire picture during Financial Conditions hearing

> Cotton producer David Dunlow told a House Agriculture Committee hearing on July 23 that farmers may stop farming without a new farm bill or comparable relief by year end. Farm groups argued that another extension of the current bill would be insufficient given high production costs.

- Date: 2024-08-12 · published 2024-08-12T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/28770-farmers-paint-dire-picture-during-financial-conditions-hearing
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Prolonged uncertainty over farm support and rising costs could weigh on farmer financial health and planting decisions, but the hearing itself does not change near-term supply or prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-07-23 | [Ranking Member David Scott Opening Statement at Farm Financial Conditions Hearing \| House Agriculture Committee](https://feedsoft.ai/events/29251-ranking-member-david-scott-opening-statement-at-farm-financial-conditions.md) | -0.3% | -3.4% |
| CORN | 2017-07-28 | [Hearings Demonstrate Top Concerns for Ag Producers - Farm Policy Facts](https://feedsoft.ai/events/69930-hearings-demonstrate-top-concerns-for-ag-producers-farm-policy-facts.md) | -1.7% | -7.3% |
| CORN | 2025-08-27 | [USDA considering 'bridge' payments for farmers  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/23303-usda-considering-bridge-payments-for-farmers-agri-pulse-communications-inc.md) | +3.6% | +8.1% |
| CORN | 2025-10-15 | [Government payments create funding cliff for farmers \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/22381-government-payments-create-funding-cliff-for-farmers-agri-pulse-communications.md) | +0.1% | +2.9% |
| CORN | 2019-01-07 | [Shutdown is costing farmers, says Farm Bureau official – The Hill](https://feedsoft.ai/events/61084-shutdown-is-costing-farmers-says-farm-bureau-official-the-hill.md) | -0.7% | +0.1% |
| SOY | 2024-07-23 | [Ranking Member David Scott Opening Statement at Farm Financial Conditions Hearing \| House Agriculture Committee](https://feedsoft.ai/events/29251-ranking-member-david-scott-opening-statement-at-farm-financial-conditions.md) | -5.6% | -14.4% |
| SOY | 2017-07-28 | [Hearings Demonstrate Top Concerns for Ag Producers - Farm Policy Facts](https://feedsoft.ai/events/69930-hearings-demonstrate-top-concerns-for-ag-producers-farm-policy-facts.md) | -4.4% | -5.4% |
| SOY | 2025-08-27 | [USDA considering 'bridge' payments for farmers  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/23303-usda-considering-bridge-payments-for-farmers-agri-pulse-communications-inc.md) | -1.2% | -1.9% |

## Sources

- farmprogress.com: https://www.farmprogress.com/farm-policy/farmers-paint-dire-picture-during-financial-conditions-hearing

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