# What low commodity prices might mean for future farm bill - Brownfield Ag News

> Pat Westhoff of FAPRI says low commodity prices could make existing farm programs such as ARC and PLC more likely to pay out. FAPRI expects total payments to stay below $1bn this year, rising until 2027/28.

- Date: 2024-03-20 · published 2024-03-20T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/31193-what-low-commodity-prices-might-mean-for-future-farm-bill-brownfield-ag-news
- 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

Farm program payments support producers' income during low prices, which can slow acreage cuts and keep supply ample. The effect on feed prices is small.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-04-18 | [More money needed for a new farm bill - Brownfield Ag News](https://feedsoft.ai/events/36403-more-money-needed-for-a-new-farm-bill-brownfield-ag-news.md) | -0.4% | -7.3% |
| CORN | 2023-08-30 | [Farmers eager to see what's in next farm bill - Brownfield Ag News](https://feedsoft.ai/events/34565-farmers-eager-to-see-what-s-in-next-farm-bill-brownfield-ag-news.md) | -0.0% | -8.2% |
| CORN | 2023-07-05 | [On the search for extra farm bill funds - Brownfield Ag News](https://feedsoft.ai/events/35045-on-the-search-for-extra-farm-bill-funds-brownfield-ag-news.md) | +1.4% | -6.5% |
| CORN | 2020-11-18 | [No more ad hoc payments a big "what if?" for farmers in 2021 - Brownfield Ag News](https://feedsoft.ai/events/50146-no-more-ad-hoc-payments-a-big-what-if-for-farmers-in-2021-brownfield-ag-news.md) | +0.4% | +0.1% |
| CORN | 2017-03-08 | [Corn, Wheat, Soybeans seek more $$ for market programs - Brownfield Ag News](https://feedsoft.ai/events/71992-corn-wheat-soybeans-seek-more-for-market-programs-brownfield-ag-news.md) | -1.8% | -0.4% |
| SOY | 2023-04-18 | [More money needed for a new farm bill - Brownfield Ag News](https://feedsoft.ai/events/36403-more-money-needed-for-a-new-farm-bill-brownfield-ag-news.md) | -3.4% | -7.7% |
| SOY | 2023-08-30 | [Farmers eager to see what's in next farm bill - Brownfield Ag News](https://feedsoft.ai/events/34565-farmers-eager-to-see-what-s-in-next-farm-bill-brownfield-ag-news.md) | -1.6% | -5.7% |
| SOY | 2023-07-05 | [On the search for extra farm bill funds - Brownfield Ag News](https://feedsoft.ai/events/35045-on-the-search-for-extra-farm-bill-funds-brownfield-ag-news.md) | -2.7% | -7.4% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/what-low-commodity-prices-might-mean-for-future-farm-bill/

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