# Reference prices, nutrition title remain biggest farm bill hurdles - Brownfield Ag News

> House Agriculture Committee negotiators are working to complete a new farm bill in the first quarter of 2024. Updating reference prices to reflect higher input costs and inflation could cost about $80 billion. Negotiators are also balancing the nutrition title and considering stronger crop insurance as an alternative.

- Date: 2023-12-12 · published 2023-12-12T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/32681-reference-prices-nutrition-title-remain-biggest-farm-bill-hurdles-brownfield-ag
- 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

The cost of reference price increases could force trade-offs that determine the size of the farm safety net for grain and oilseed producers. Clarity on support levels can shape acreage and crop-marketing decisions over the coming year.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-02-12 | [What are reference prices and why are they in the farm bill?](https://feedsoft.ai/events/31656-what-are-reference-prices-and-why-are-they-in-the-farm-bill.md) | -1.8% | +3.5% |
| CORN | 2022-02-02 | [Crop insurance programs and the 2023 Farm Bill - Brownfield Ag News](https://feedsoft.ai/events/42698-crop-insurance-programs-and-the-2023-farm-bill-brownfield-ag-news.md) | +0.6% | +14.2% |
| CORN | 2024-03-20 | [What low commodity prices might mean for future farm bill - Brownfield Ag News](https://feedsoft.ai/events/31193-what-low-commodity-prices-might-mean-for-future-farm-bill-brownfield-ag-news.md) | -2.3% | -6.8% |
| CORN | 2024-05-15 | [Statutory Reference Prices and the Next Farm Bill - farmdoc daily](https://feedsoft.ai/events/30236-statutory-reference-prices-and-the-next-farm-bill-farmdoc-daily.md) | +0.8% | +5.1% |
| 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% |
| SOY | 2024-02-12 | [What are reference prices and why are they in the farm bill?](https://feedsoft.ai/events/31656-what-are-reference-prices-and-why-are-they-in-the-farm-bill.md) | -1.0% | -1.6% |
| SOY | 2022-02-02 | [Crop insurance programs and the 2023 Farm Bill - Brownfield Ag News](https://feedsoft.ai/events/42698-crop-insurance-programs-and-the-2023-farm-bill-brownfield-ag-news.md) | +2.6% | +9.7% |
| SOY | 2024-03-20 | [What low commodity prices might mean for future farm bill - Brownfield Ag News](https://feedsoft.ai/events/31193-what-low-commodity-prices-might-mean-for-future-farm-bill-brownfield-ag-news.md) | +1.1% | -3.0% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/reference-prices-nutrition-title-remain-biggest-farm-bill-hurdles/

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