# Farm Bill Update: October 2023 - OEFFA Policy

> An October 2023 update says the 2023 Farm Bill expired on September 30 and the government is funded through November 17. Congress has limited session time before year-end, so new farm bill text is unlikely before next year.

- Date: 2023-10-17 · published 2023-10-17T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/33599-farm-bill-update-october-2023-oeffa-policy
- 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 bill delays keep commodity program funding and price safety nets uncertain for producers. The direct effect on futures prices is limited in the near term.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2018-02-12 | [Ag Policy Update: Farm Bill, Budget Deals & Trade \| AgWired](https://feedsoft.ai/events/66484-ag-policy-update-farm-bill-budget-deals-and-trade-agwired.md) | +0.8% | +3.5% |
| CORN | 2021-12-31 | [IFES 2021: Policy Update for 2022 - farmdoc daily](https://feedsoft.ai/events/43583-ifes-2021-policy-update-for-2022-farmdoc-daily.md) | +3.2% | +5.2% |
| CORN | 2022-09-09 | [2023 Farm Bill debate underway](https://feedsoft.ai/events/39579-2023-farm-bill-debate-underway.md) | +1.1% | -0.1% |
| 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 | 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% |
| SOY | 2018-02-12 | [Ag Policy Update: Farm Bill, Budget Deals & Trade \| AgWired](https://feedsoft.ai/events/66484-ag-policy-update-farm-bill-budget-deals-and-trade-agwired.md) | +3.9% | +5.1% |
| SOY | 2021-12-31 | [IFES 2021: Policy Update for 2022 - farmdoc daily](https://feedsoft.ai/events/43583-ifes-2021-policy-update-for-2022-farmdoc-daily.md) | +3.7% | +10.7% |

## Sources

- action.oeffa.com: https://action.oeffa.com/farm-bill-update-october-2023/

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