# Commodity groups to House Ag: Expand ag safety net in 2023 farm bill | National | farmweeknow.com

> National commodity groups including corn, soybean, wheat, sorghum, rice and others urged the House Agriculture Committee to expand the ag safety net. They asked for protected crop insurance, higher loan rates and changes to ARC and PLC. The 2023 PLC reference prices are $3.70 for corn and $8.40 for soybeans.

- Date: 2023-04-27 · published 2023-04-27T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/36401-commodity-groups-to-house-ag-expand-ag-safety-net-in-2023-farm-bill-national
- 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 support farm income but would not change near-term supply or demand, so the price effect is limited to planting-decision signals.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-03-13 | [Commodity Groups Detail Farm Bill Priorities](https://feedsoft.ai/events/36852-commodity-groups-detail-farm-bill-priorities.md) | +0.8% | +0.8% |
| CORN | 2017-03-15 | [Ag groups urge boost in farm bill spending \| 2017-03-15 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/71993-ag-groups-urge-boost-in-farm-bill-spending-2017-03-15-agri-pulse-agri-pulse.md) | +1.0% | +1.9% |
| CORN | 2026-05-01 | [More Reaction to House Passage of the Farm Bill; E15 Vote Expected in Weeks \| American Ag Network](https://feedsoft.ai/events/19223-more-reaction-to-house-passage-of-the-farm-bill-e15-vote-expected-in-weeks.md) | -1.4% | +0.1% |
| 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 | 2023-02-15 | [Mexico issues revised decree on GMO corn \| National \| farmweeknow.com](https://feedsoft.ai/events/37298-mexico-issues-revised-decree-on-gmo-corn-national-farmweeknow-com.md) | -0.3% | -5.3% |
| SOY | 2023-03-13 | [Commodity Groups Detail Farm Bill Priorities](https://feedsoft.ai/events/36852-commodity-groups-detail-farm-bill-priorities.md) | -2.4% | -1.7% |
| SOY | 2017-03-15 | [Ag groups urge boost in farm bill spending \| 2017-03-15 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/71993-ag-groups-urge-boost-in-farm-bill-spending-2017-03-15-agri-pulse-agri-pulse.md) | +1.4% | -4.9% |
| 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% |

## Sources

- farmweeknow.com: https://www.farmweeknow.com/policy/national/commodity-groups-to-house-ag-expand-ag-safety-net-in-2023-farm-bill/article_9e4f5f2a-e45f-11ed-a049-f32f89519aae.html

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