# [2023-05-15] Minority Analysis: The May 2023 Farm Bill Scoring...

> The CBO's May 2023 baseline projects total outlays for SNAP and mandatory farm programs at $1.51 trillion for fiscal years 2024 to 2033, up $31.5 billion from February. The analysis says the 2023 farm bill could be the first trillion-dollar farm bill, with commodity support rising on lower seed cotton prices, weaker dairy margins and higher crop prices.

- Date: 2023-05-15 · published 2023-05-15T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/35928-2023-05-15-minority-analysis-the-may-2023-farm-bill-scoring
- 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

Larger projected farm bill spending signals more government support for producers, but it does not directly change near-term supply or demand for feed grains or meals. Its price impact is limited to shaping future farm income and planting incentives.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-10-25 | [2023 FARM BILL ANALYSIS – McLean County Farm Bureau](https://feedsoft.ai/events/39117-2023-farm-bill-analysis-mclean-county-farm-bureau.md) | -1.4% | -2.7% |
| CORN | 2018-05-10 | [Explaining the House Farm Bill-2018-05-10](https://feedsoft.ai/events/65015-explaining-the-house-farm-bill-2018-05-10.md) | +0.5% | -2.5% |
| CORN | 2022-10-11 | [2023 Farm Bill budgeting is underway](https://feedsoft.ai/events/39116-2023-farm-bill-budgeting-is-underway.md) | +1.6% | -0.7% |
| CORN | 2021-12-23 | [Setting the Farm Bill Stage - AgWeb](https://feedsoft.ai/events/43582-setting-the-farm-bill-stage-agweb.md) | -0.7% | +3.1% |
| CORN | 2026-05-14 | [What’s in the 2026 Farm Bill? \| Ag Proud](https://feedsoft.ai/events/19220-what-s-in-the-2026-farm-bill-ag-proud.md) | -0.4% | -7.9% |
| SOY | 2022-10-25 | [2023 FARM BILL ANALYSIS – McLean County Farm Bureau](https://feedsoft.ai/events/39117-2023-farm-bill-analysis-mclean-county-farm-bureau.md) | +2.6% | +4.7% |
| SOY | 2018-05-10 | [Explaining the House Farm Bill-2018-05-10](https://feedsoft.ai/events/65015-explaining-the-house-farm-bill-2018-05-10.md) | -0.7% | -3.3% |
| SOY | 2022-10-11 | [2023 Farm Bill budgeting is underway](https://feedsoft.ai/events/39116-2023-farm-bill-budgeting-is-underway.md) | +0.8% | +4.8% |

## Sources

- agriculture.senate.gov: https://www.agriculture.senate.gov/newsroom/majority-blog/minority-analysis-the-may-2023-farm-bill-scoring-baseline

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