# U.S. producers want next farm bill to boost safety net | The Western Producer

> US crop groups are pushing for a new five-year farm bill that raises reference prices to better reflect input costs. The 2018 bill expired in 2023 and was extended only to September 30 amid congressional gridlock.

- Date: 2024-03-07 · published 2024-03-07T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/31191-u-s-producers-want-next-farm-bill-to-boost-safety-net-the-western-producer
- 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

Higher reference prices would support farm income and planting incentives over time. Passage is uncertain, so the price effect is distant.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-10-03 | [Peterson on Farm Bill: No extra dollars to boost safety net \| MPR News](https://feedsoft.ai/events/68456-peterson-on-farm-bill-no-extra-dollars-to-boost-safety-net-mpr-news.md) | -0.7% | -1.5% |
| CORN | 2017-08-16 | [Farm Bill Primer: The Farm Safety Net - EveryCRSReport.com](https://feedsoft.ai/events/69431-farm-bill-primer-the-farm-safety-net-everycrsreport-com.md) | -2.4% | -4.2% |
| CORN | 2019-10-31 | [Biofuel forecast may prop up prices \| The Western Producer](https://feedsoft.ai/events/56664-biofuel-forecast-may-prop-up-prices-the-western-producer.md) | +0.9% | -1.2% |
| 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 | 2024-03-20 | [Farm Bill Is Safety Net in an Uncertain Ag World](https://feedsoft.ai/events/31190-farm-bill-is-safety-net-in-an-uncertain-ag-world.md) | -2.3% | -6.8% |
| SOY | 2017-10-03 | [Peterson on Farm Bill: No extra dollars to boost safety net \| MPR News](https://feedsoft.ai/events/68456-peterson-on-farm-bill-no-extra-dollars-to-boost-safety-net-mpr-news.md) | +1.0% | +1.6% |
| SOY | 2017-08-16 | [Farm Bill Primer: The Farm Safety Net - EveryCRSReport.com](https://feedsoft.ai/events/69431-farm-bill-primer-the-farm-safety-net-everycrsreport-com.md) | +1.3% | +3.4% |
| 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

- producer.com: https://www.producer.com/news/u-s-producers-want-next-farm-bill-to-boost-safety-net/

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