# Farm Bill Is Safety Net in an Uncertain Ag World

> An explainer on the farm bill notes that Congress extended the 2023 farm bill through September. It describes the crop insurance title, which is the second-largest by cost, and the Federal Crop Insurance Program.

- Date: 2024-03-20 · published 2024-03-20T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/31190-farm-bill-is-safety-net-in-an-uncertain-ag-world
- 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

Crop insurance and safety-net design affect how much farmers plant and hedge, which matters for longer-term feed grain supply. Near-term price impact is limited.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-02-09 | [Seven Worries About Farm Safety Net Heading Into Next Farm Bill](https://feedsoft.ai/events/37290-seven-worries-about-farm-safety-net-heading-into-next-farm-bill.md) | -1.3% | -5.2% |
| CORN | 2023-12-13 | [Farm bill unfinished, growers still need safety net plan](https://feedsoft.ai/events/32683-farm-bill-unfinished-growers-still-need-safety-net-plan.md) | +1.1% | +0.4% |
| CORN | 2016-12-12 | [Drain the Swamp or Drain the Farm Safety Net?](https://feedsoft.ai/events/73469-drain-the-swamp-or-drain-the-farm-safety-net.md) | +1.3% | +1.3% |
| CORN | 2024-03-07 | [U.S. producers want next farm bill to boost safety net \| The Western Producer](https://feedsoft.ai/events/31191-u-s-producers-want-next-farm-bill-to-boost-safety-net-the-western-producer.md) | +1.4% | -1.8% |
| CORN | 2017-04-20 | [Making farm supports a safety net again - R Street Institute](https://feedsoft.ai/events/71485-making-farm-supports-a-safety-net-again-r-street-institute.md) | +0.2% | +3.0% |
| SOY | 2023-02-09 | [Seven Worries About Farm Safety Net Heading Into Next Farm Bill](https://feedsoft.ai/events/37290-seven-worries-about-farm-safety-net-heading-into-next-farm-bill.md) | +0.4% | +0.0% |
| SOY | 2021-10-05 | [ASA working on improved safety net for next farm bill - Brownfield Ag News](https://feedsoft.ai/events/44523-asa-working-on-improved-safety-net-for-next-farm-bill-brownfield-ag-news.md) | -0.6% | +0.1% |
| SOY | 2023-12-13 | [Farm bill unfinished, growers still need safety net plan](https://feedsoft.ai/events/32683-farm-bill-unfinished-growers-still-need-safety-net-plan.md) | -0.8% | -7.0% |

## Sources

- ncsl.org: https://www.ncsl.org/state-legislatures-news/details/farm-bill-is-safety-net-in-an-uncertain-ag-world

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