# CBO Report on House Farm Bill Fuels Ongoing Disputes

> The Congressional Budget Office scored the House farm bill (R. 8467) at $1.25 trillion over ten years, adding an estimated $33 billion in direct spending versus current law. Most of the increase is in commodity programs, including Price Loss Coverage and Agricultural Risk Coverage, partly offset by a SNAP Thrifty Food Plan freeze.

- Date: 2024-08-03 · published 2024-08-03T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/28777-cbo-report-on-house-farm-bill-fuels-ongoing-disputes
- 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

Higher PLC and ARC payments could support planted acreage for program crops over time, but the bill has not passed the House floor, so the near-term price effect is minor.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-10-29 | [Farm Bill Ping-Pong: House Edition](https://feedsoft.ai/events/56553-farm-bill-ping-pong-house-edition.md) | +2.7% | +1.1% |
| CORN | 2018-04-18 | [House Ag Committee Advances Farm Bill With Few Farm Changes, Major SNAP Dispute](https://feedsoft.ai/events/65501-house-ag-committee-advances-farm-bill-with-few-farm-changes-major-snap-dispute.md) | -0.0% | +4.7% |
| CORN | 2020-11-04 | [CRS Report: Farm Bill Revenue Support, 2014-2020](https://feedsoft.ai/events/50139-crs-report-farm-bill-revenue-support-2014-2020.md) | +1.8% | +8.9% |
| CORN | 2018-05-10 | [Explaining the House Farm Bill-2018-05-10](https://feedsoft.ai/events/65015-explaining-the-house-farm-bill-2018-05-10.md) | +0.5% | -2.5% |
| CORN | 2017-06-02 | [Agriculture subsidies jump 59%: New report on the farm bill](https://feedsoft.ai/events/70478-agriculture-subsidies-jump-59-new-report-on-the-farm-bill.md) | +2.5% | -2.7% |
| SOY | 2019-10-29 | [Farm Bill Ping-Pong: House Edition](https://feedsoft.ai/events/56553-farm-bill-ping-pong-house-edition.md) | +0.5% | -3.1% |
| SOY | 2018-04-18 | [House Ag Committee Advances Farm Bill With Few Farm Changes, Major SNAP Dispute](https://feedsoft.ai/events/65501-house-ag-committee-advances-farm-bill-with-few-farm-changes-major-snap-dispute.md) | -2.3% | -2.6% |
| SOY | 2020-11-04 | [CRS Report: Farm Bill Revenue Support, 2014-2020](https://feedsoft.ai/events/50139-crs-report-farm-bill-revenue-support-2014-2020.md) | +7.5% | +8.9% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/ag-policy-blog/blog-post/2024/08/03/cbo-report-house-farm-bill-fuels

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