# Congress extended Farm Bill for a year but must tackle partisan debates now - Medill on the Hill

> Congress passed a one-year extension of the farm bill in a November budget deal, with a new agreement due by September 2024. Debate over SNAP funding is already building, with some Republicans proposing cuts and tighter work requirements. SNAP accounts for nearly 80% of farm bill spending.

- Date: 2023-12-07 · published 2023-12-07T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/32682-congress-extended-farm-bill-for-a-year-but-must-tackle-partisan-debates-now
- 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 extension leaves commodity programs in place for now, reducing near-term policy uncertainty for grain and oilseed prices. Partisan fights over the bill's structure could still delay a long-term safety net.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-11-24 | [A new, divided Congress will have to take on a new Farm Bill with far-reaching effects](https://feedsoft.ai/events/38663-a-new-divided-congress-will-have-to-take-on-a-new-farm-bill-with-far-reaching.md) | -3.3% | -2.6% |
| CORN | 2022-01-13 | [How might the past four years of economic shocks inform the next Farm Bill agenda?](https://feedsoft.ai/events/43142-how-might-the-past-four-years-of-economic-shocks-inform-the-next-farm-bill.md) | -1.3% | +5.3% |
| CORN | 2021-11-22 | [Danger Signs for 2023 Farm Bill in Partisan Rancor on Capitol Hill](https://feedsoft.ai/events/44030-danger-signs-for-2023-farm-bill-in-partisan-rancor-on-capitol-hill.md) | -1.8% | -0.1% |
| CORN | 2023-05-02 | [Congressional Hearings Leading up to the 2023 Farm Bill: Part 3 \| Article \| EESI](https://feedsoft.ai/events/35933-congressional-hearings-leading-up-to-the-2023-farm-bill-part-3-article-eesi.md) | +2.7% | -5.8% |
| CORN | 2023-03-01 | [Farm Bill Debate Must be Based on FACTS - Farm Policy Facts](https://feedsoft.ai/events/36853-farm-bill-debate-must-be-based-on-facts-farm-policy-facts.md) | +2.0% | +1.4% |
| SOY | 2022-11-24 | [A new, divided Congress will have to take on a new Farm Bill with far-reaching effects](https://feedsoft.ai/events/38663-a-new-divided-congress-will-have-to-take-on-a-new-farm-bill-with-far-reaching.md) | -0.4% | +2.2% |
| SOY | 2022-01-13 | [How might the past four years of economic shocks inform the next Farm Bill agenda?](https://feedsoft.ai/events/43142-how-might-the-past-four-years-of-economic-shocks-inform-the-next-farm-bill.md) | +2.5% | +13.2% |
| SOY | 2021-11-22 | [Danger Signs for 2023 Farm Bill in Partisan Rancor on Capitol Hill](https://feedsoft.ai/events/44030-danger-signs-for-2023-farm-bill-in-partisan-rancor-on-capitol-hill.md) | -1.7% | +2.3% |

## Sources

- medillonthehill.medill.northwestern.edu: https://medillonthehill.medill.northwestern.edu/2023/12/congress-extended-farm-bill-for-a-year-but-must-tackle-partisan-debates-now/

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