# $1.5 trillion House farm bill makes it out of committee. Now what?

> The House Agriculture Committee passed its version of the farm bill, H.R. 8467, on a 33-21 vote and sent it to the full House. The bill includes commodity price support enhancements, crop insurance strengthening, and expanded USDA loan guarantee limits. A $28 billion SNAP cut is drawing criticism, and the American Farm Bureau urged a floor vote.

- Date: 2024-05-28 · published 2024-05-28T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/30238-1-5-trillion-house-farm-bill-makes-it-out-of-committee-now-what
- 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

Advancing the bill to the floor increases the likelihood of higher commodity support and credit access for farmers, a modest long-run bearish factor for crop prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2024-02-26 | [Farm bill a priority for U.S. House Ag Committee - Texas Farm Bureau](https://feedsoft.ai/events/31658-farm-bill-a-priority-for-u-s-house-ag-committee-texas-farm-bureau.md) | +0.5% | +7.8% |
| CORN | 2023-03-09 | [House Ag makes case for new farm bill funding \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/36849-house-ag-makes-case-for-new-farm-bill-funding-agri-pulse-communications-inc.md) | -1.0% | -0.0% |
| CORN | 2017-08-22 | [Ag Committee on Farm Bill and Trade Talks Under Trump - AG INFORMATION NETWORK OF THE WEST](https://feedsoft.ai/events/69439-ag-committee-on-farm-bill-and-trade-talks-under-trump-ag-information-network-of.md) | -3.1% | -0.8% |
| CORN | 2022-03-01 | [House Ag Committee Begins Farm Bill Work With Eye on Fertilizer Prices, China Trade War Effects](https://feedsoft.ai/events/42255-house-ag-committee-begins-farm-bill-work-with-eye-on-fertilizer-prices-china.md) | +4.7% | +12.1% |
| 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 | 2024-02-26 | [Farm bill a priority for U.S. House Ag Committee - Texas Farm Bureau](https://feedsoft.ai/events/31658-farm-bill-a-priority-for-u-s-house-ag-committee-texas-farm-bureau.md) | +0.9% | +5.3% |
| SOY | 2023-03-09 | [House Ag makes case for new farm bill funding \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/36849-house-ag-makes-case-for-new-farm-bill-funding-agri-pulse-communications-inc.md) | -2.5% | -1.0% |

## Sources

- wisfarmer.com: https://www.wisfarmer.com/story/news/2024/05/28/1-5-trillion-house-farm-bill-makes-it-out-of-committee-now-what/73874428007/

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