# Here Are The Notable Changes In The House Farm Bill - AgWeb

> AgWeb reviews House Ag Committee farm bill changes, including reference price increases of about 15% to 19% for wheat, soybeans, legumes and others, with the smallest increases for barley, oats and corn. It also covers a one-time base acre update that lets planted acres above base qualify for increases, and estimates the cost at $15 billion to $20 billion over ten years.

- Date: 2024-06-04 · published 2024-06-04T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/29764-here-are-the-notable-changes-in-the-house-farm-bill-agweb
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Higher reference prices and base acre updates would encourage planting of soybeans and wheat relative to corn, which affects future feed grain balances. The proposals are not final, so market effects are minimal today.

## Read by commodity

- SOY: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-03-26 | [Trade Issues Pose Farm Bill Challenges](https://feedsoft.ai/events/65984-trade-issues-pose-farm-bill-challenges.md) | +0.7% | -0.7% |
| SOY | 2025-10-15 | [Changes for Agriculture in the One Big Beautiful Bill Act \| American Enterprise Institute - AEI](https://feedsoft.ai/events/22384-changes-for-agriculture-in-the-one-big-beautiful-bill-act-american-enterprise.md) | +2.4% | +10.6% |
| SOY | 2025-08-06 | [Farm bill update: Safety net strengthened, SNAP changes implemented](https://feedsoft.ai/events/23304-farm-bill-update-safety-net-strengthened-snap-changes-implemented.md) | +4.4% | +4.9% |
| SOY | 2023-04-27 | [Commodity groups to House Ag: Expand ag safety net in 2023 farm bill \| National \| farmweeknow.com](https://feedsoft.ai/events/36401-commodity-groups-to-house-ag-expand-ag-safety-net-in-2023-farm-bill-national.md) | +0.8% | -7.8% |
| SOY | 2023-04-26 | [Opening Statement: “Producer Perspectives on the 2023 Farm Bill” \| House Agriculture Committee](https://feedsoft.ai/events/36398-opening-statement-producer-perspectives-on-the-2023-farm-bill-house-agriculture.md) | -0.4% | -8.5% |
| WHEAT | 2023-04-27 | [Commodity groups to House Ag: Expand ag safety net in 2023 farm bill \| National \| farmweeknow.com](https://feedsoft.ai/events/36401-commodity-groups-to-house-ag-expand-ag-safety-net-in-2023-farm-bill-national.md) | +1.1% | -2.6% |
| WHEAT | 2018-06-29 | [The House Agriculture Committee's 2018 Farm Bill (H.R. 2): A Side-by-Side Comparison with Current Law](https://feedsoft.ai/events/64516-the-house-agriculture-committee-s-2018-farm-bill-h-r-2-a-side-by-side.md) | -3.9% | +0.6% |
| WHEAT | 2025-05-21 | [Spending Impacts of PLC and ARC-CO in House Agriculture Reconciliation Bill - farmdoc daily](https://feedsoft.ai/events/24656-spending-impacts-of-plc-and-arc-co-in-house-agriculture-reconciliation-bill.md) | -0.4% | +1.4% |

## Sources

- agweb.com: https://www.agweb.com/news/policy/politics/here-are-notable-changes-house-farm-bill

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