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A Congressional Research Service report describes the 2018 farm bill's expiration and Congress's one-year extension covering FY2025 and the 2025 crop year. It also notes that earlier farm bills faced similar delays and short-term extensions.
Farm bill extensions keep existing commodity programs and support payments in place, which limits near-term supply and price shocks. Stalled reauthorization leaves longer-term policy uncertainty for row-crop and livestock markets.
everycrsreport.comAug 21, 2023After 1,623 past policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.4% to +1.5%), and +0.4% over 20.
After 1,905 past policy events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.2% over 20.
After 1,019 past policy events, Wheat (SRW) moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.5%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
