# Ranking Member David Scott Opening Statement at Farm Financial Conditions Hearing | House Agriculture Committee

> House Agriculture Committee Ranking Member David Scott opened a hearing on farm financial conditions by calling for a bipartisan farm bill that strengthens the safety net. He expressed concern that the pending 2024 Farm Bill would eliminate USDA's use of Commodity Credit Corporation funds for market-shock aid, citing past CCC programs.

- Date: 2024-07-23 · published 2024-07-23T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/29251-ranking-member-david-scott-opening-statement-at-farm-financial-conditions
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Uncertainty over future USDA emergency aid and farm bill passage affects producer financial health and feed-buying capacity, but has no immediate direct price effect on feed commodities.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-02-11 | [Ranking Member Angie Craig Opening Statement at Hearing on the Farm Economy \| House Agriculture Committee](https://feedsoft.ai/events/26027-ranking-member-angie-craig-opening-statement-at-hearing-on-the-farm-economy.md) | +2.0% | -3.0% |
| WHEAT | 2026-04-29 | [Ranking Member Craig Opening Statement at Farm Bill Floor Debate \| House Agriculture Committee](https://feedsoft.ai/events/19680-ranking-member-craig-opening-statement-at-farm-bill-floor-debate-house.md) | -3.1% | -0.4% |
| WHEAT | 2025-01-23 | [Thompson Opening Statement During 119th Organizational Meeting \| House Agriculture Committee](https://feedsoft.ai/events/26493-thompson-opening-statement-during-119th-organizational-meeting-house.md) | +3.8% | +4.9% |
| WHEAT | 2018-02-06 | [Opening Statement: Chairman K. Michael Conaway: House Agriculture Full Committee Hearing: State of the Rural Economy \| House Agriculture Committee](https://feedsoft.ai/events/66481-opening-statement-chairman-k-michael-conaway-house-agriculture-full-committee.md) | +0.6% | +2.4% |
| WHEAT | 2018-05-15 | [Opening Statement: Conaway Offers Remarks on the 2018 Farm Bill Before House Rules Committee \| House Agriculture Committee](https://feedsoft.ai/events/65011-opening-statement-conaway-offers-remarks-on-the-2018-farm-bill-before-house.md) | +4.0% | +3.4% |
| SOY | 2024-02-28 | [2024-02-28 Ranking Member Boozman Opening Statement at USDA...](https://feedsoft.ai/events/31655-2024-02-28-ranking-member-boozman-opening-statement-at-usda.md) | +0.8% | +6.0% |
| SOY | 2019-12-16 | [Member States urge Commission to get real about fighting deforestation \| WWF](https://feedsoft.ai/events/55611-member-states-urge-commission-to-get-real-about-fighting-deforestation-wwf.md) | +2.3% | +2.3% |
| SOY | 2017-05-02 | [FiBL - Report on the EU Common Agricultural Policy and deforestation](https://feedsoft.ai/events/71041-fibl-report-on-the-eu-common-agricultural-policy-and-deforestation.md) | -0.3% | -4.8% |

## Sources

- agriculture.house.gov: https://agriculture.house.gov/news/documentsingle.aspx?DocumentID=7800
- democrats-agriculture.house.gov: https://democrats-agriculture.house.gov/news/documentsingle.aspx?DocumentID=2863

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