# House Coalition Letter: IWF Signs Coalition Letter Urging the U.S. House Not To Increase Farm Subsidies

> A coalition letter signed by the IWF urges the House not to raise reference prices for covered commodities in the farm bill. The letter argues net farm income is at record levels and that larger subsidies would mainly benefit the largest farms.

- Date: 2023-05-01 · published 2023-05-01T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/35930-house-coalition-letter-iwf-signs-coalition-letter-urging-the-u-s-house-not-to
- 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

A decision to hold reference prices flat would leave future farm support unchanged, so it has little direct effect on current feed grain or oilseed supply and prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-01-28 | [Farm subsidies to leap on $9.8 billion in trade aid \| 2019-01-28 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/61080-farm-subsidies-to-leap-on-9-8-billion-in-trade-aid-2019-01-28-agri-pulse-agri.md) | +0.7% | +0.8% |
| CORN | 2021-12-28 | [The latest tug-of-war: Billions in farm subsidies and rural aid - POLITICO](https://feedsoft.ai/events/43584-the-latest-tug-of-war-billions-in-farm-subsidies-and-rural-aid-politico.md) | -0.2% | +2.9% |
| CORN | 2025-06-18 | [How the House, Senate Ag differ on key farm provisions \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/24188-how-the-house-senate-ag-differ-on-key-farm-provisions-agri-pulse-communications.md) | -3.0% | -4.3% |
| CORN | 2021-10-18 | [Harvesting Another Trade War: Ad Hoc Farm Subsidies and Our WTO Commitments - R Street Institute](https://feedsoft.ai/events/44522-harvesting-another-trade-war-ad-hoc-farm-subsidies-and-our-wto-commitments-r.md) | +1.5% | +13.0% |
| CORN | 2023-03-09 | [House Ag makes case for new farm bill funding \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/36849-house-ag-makes-case-for-new-farm-bill-funding-agri-pulse-communications-inc.md) | -1.0% | -0.0% |
| SOY | 2019-01-28 | [Farm subsidies to leap on $9.8 billion in trade aid \| 2019-01-28 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/61080-farm-subsidies-to-leap-on-9-8-billion-in-trade-aid-2019-01-28-agri-pulse-agri.md) | -0.8% | -1.5% |
| SOY | 2021-12-28 | [The latest tug-of-war: Billions in farm subsidies and rural aid - POLITICO](https://feedsoft.ai/events/43584-the-latest-tug-of-war-billions-in-farm-subsidies-and-rural-aid-politico.md) | -1.4% | +3.3% |
| SOY | 2024-06-04 | [Here Are The Notable Changes In The House Farm Bill - AgWeb](https://feedsoft.ai/events/29764-here-are-the-notable-changes-in-the-house-farm-bill-agweb.md) | +0.3% | -1.6% |

## Sources

- iwf.org: https://www.iwf.org/2023/05/01/house-coalition-letter-iwf-signs-coalition-letter-urging-the-u-s-house-not-to-increase-farm-subsidies/

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