# Farmers want more money for crop support programs in this farm bill. But do price safety nets work?

> Farmers and advocacy groups are pushing for higher reference prices in the Title One commodity program in the new farm bill. Some farmers say current prices are far below production costs yet still do not trigger payments, while critics say the program costs billions with few conditions.

- Date: 2023-10-12 · published 2023-10-12T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/33600-farmers-want-more-money-for-crop-support-programs-in-this-farm-bill-but-do
- 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

Higher reference prices would raise support payments and could keep acreage in crops such as wheat. The price effect depends on the final bill, which is still unresolved.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-11-09 | [Farmers want more money for crop support programs included in Farm Bill : NPR](https://feedsoft.ai/events/33149-farmers-want-more-money-for-crop-support-programs-included-in-farm-bill-npr.md) | -1.5% | -1.0% |
| CORN | 2022-09-22 | [Farm Bill Primer: Farm Safety Net Programs - EveryCRSReport.com](https://feedsoft.ai/events/39577-farm-bill-primer-farm-safety-net-programs-everycrsreport-com.md) | -2.8% | +1.3% |
| CORN | 2017-08-16 | [Farm Bill Primer: The Farm Safety Net - EveryCRSReport.com](https://feedsoft.ai/events/69431-farm-bill-primer-the-farm-safety-net-everycrsreport-com.md) | -2.4% | -4.2% |
| CORN | 2024-03-07 | [U.S. producers want next farm bill to boost safety net \| The Western Producer](https://feedsoft.ai/events/31191-u-s-producers-want-next-farm-bill-to-boost-safety-net-the-western-producer.md) | +1.4% | -1.8% |
| CORN | 2017-08-17 | [Farm Bill Primer: ARC and PLC Support Programs - EveryCRSReport.com](https://feedsoft.ai/events/69433-farm-bill-primer-arc-and-plc-support-programs-everycrsreport-com.md) | -2.7% | -3.9% |
| SOY | 2023-11-09 | [Farmers want more money for crop support programs included in Farm Bill : NPR](https://feedsoft.ai/events/33149-farmers-want-more-money-for-crop-support-programs-included-in-farm-bill-npr.md) | +2.7% | -2.8% |
| SOY | 2022-09-22 | [Farm Bill Primer: Farm Safety Net Programs - EveryCRSReport.com](https://feedsoft.ai/events/39577-farm-bill-primer-farm-safety-net-programs-everycrsreport-com.md) | -3.6% | -6.1% |
| SOY | 2017-08-16 | [Farm Bill Primer: The Farm Safety Net - EveryCRSReport.com](https://feedsoft.ai/events/69431-farm-bill-primer-the-farm-safety-net-everycrsreport-com.md) | +1.3% | +3.4% |

## Sources

- ipm.org: https://www.ipm.org/show/eartheats/2023-10-12/farmers-want-more-money-for-crop-support-programs-in-this-farm-bill-but-do-price-safety-nets-work

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