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Farm Policy Facts compiled statements from agricultural groups on the Farm, Food, and National Security Act of 2024, unveiled by Chairman GT Thompson on May 17. The article notes the House Agriculture Committee markup scheduled for May 23.
Groups including the American Sugar Alliance praised the new safety net provisions.
Broad industry support improves the bill's odds of passage, which would lift federal safety-net payments and could sustain acreage; the direct price impact remains limited.
farmpolicyfacts.orgStaffMay 21, 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.
