# Farm Bill Update – January 2024 | Agricultural Economics

> The University of Kentucky extension update says the 2018 Farm Bill was extended to September 30, 2024, and a mid-January continuing resolution averted a shutdown. It adds that budget fights, tax, border and foreign aid debates will crowd out floor time for a new farm bill.

- Date: 2024-01-30 · published 2024-01-30T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/32088-farm-bill-update-january-2024-agricultural-economics
- 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

Lack of a new farm bill keeps current PLC and ARC safety-net terms in place, so farm support is unlikely to change feed-grain supply or prices in the near term.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-11-15 | [Economists Offer Insight for the 2018 US Farm Bill \| Agricultural and Resource Economics](https://feedsoft.ai/events/67958-economists-offer-insight-for-the-2018-us-farm-bill-agricultural-and-resource.md) | +1.1% | +4.1% |
| CORN | 2024-07-23 | [2024-07-23 The Farm Bill Must Support All of Agriculture \| Senate...](https://feedsoft.ai/events/29252-2024-07-23-the-farm-bill-must-support-all-of-agriculture-senate.md) | -0.3% | -3.4% |
| CORN | 2023-07-27 | [2023 Farm Bill Update \| Tennessee Farm Bureau](https://feedsoft.ai/events/35039-2023-farm-bill-update-tennessee-farm-bureau.md) | -13.2% | -14.2% |
| CORN | 2017-04-25 | [5 Things To Watch in 2018 Farm Bill and Agricultural Legislation](https://feedsoft.ai/events/71484-5-things-to-watch-in-2018-farm-bill-and-agricultural-legislation.md) | +2.1% | +4.1% |
| CORN | 2021-01-28 | [More Government Money on the Way for Kentucky Farmers \| Agricultural Economics](https://feedsoft.ai/events/49117-more-government-money-on-the-way-for-kentucky-farmers-agricultural-economics.md) | +2.7% | -0.2% |
| SOY | 2017-11-15 | [Economists Offer Insight for the 2018 US Farm Bill \| Agricultural and Resource Economics](https://feedsoft.ai/events/67958-economists-offer-insight-for-the-2018-us-farm-bill-agricultural-and-resource.md) | +3.1% | +2.1% |
| SOY | 2024-07-23 | [2024-07-23 The Farm Bill Must Support All of Agriculture \| Senate...](https://feedsoft.ai/events/29252-2024-07-23-the-farm-bill-must-support-all-of-agriculture-senate.md) | -5.6% | -14.4% |
| SOY | 2023-07-27 | [2023 Farm Bill Update \| Tennessee Farm Bureau](https://feedsoft.ai/events/35039-2023-farm-bill-update-tennessee-farm-bureau.md) | -7.5% | -12.1% |

## Sources

- agecon.mgcafe.uky.edu: https://agecon.mgcafe.uky.edu/farm-bill-update---january-2024

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