# More money needed for a new farm bill - Brownfield Ag News

> Texas A&M economist Joe Outlaw says Congress will need about $20 billion more to raise reference prices if a new farm bill is to pass by year-end. He suggests reallocating Inflation Reduction Act conservation funds, and says an extension of the current bill is likely if no money is found.

- Date: 2023-04-18 · published 2023-04-18T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/36403-more-money-needed-for-a-new-farm-bill-brownfield-ag-news
- 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

Funding uncertainty and a likely extension would keep current commodity program levels in place, which limits near-term price impact.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-07-05 | [On the search for extra farm bill funds - Brownfield Ag News](https://feedsoft.ai/events/35045-on-the-search-for-extra-farm-bill-funds-brownfield-ag-news.md) | +1.4% | -6.5% |
| CORN | 2020-11-18 | [No more ad hoc payments a big "what if?" for farmers in 2021 - Brownfield Ag News](https://feedsoft.ai/events/50146-no-more-ad-hoc-payments-a-big-what-if-for-farmers-in-2021-brownfield-ag-news.md) | +0.4% | +0.1% |
| CORN | 2024-03-20 | [What low commodity prices might mean for future farm bill - Brownfield Ag News](https://feedsoft.ai/events/31193-what-low-commodity-prices-might-mean-for-future-farm-bill-brownfield-ag-news.md) | -2.3% | -6.8% |
| CORN | 2023-08-30 | [Farmers eager to see what's in next farm bill - Brownfield Ag News](https://feedsoft.ai/events/34565-farmers-eager-to-see-what-s-in-next-farm-bill-brownfield-ag-news.md) | -0.0% | -8.2% |
| CORN | 2017-05-25 | [Ag economists weigh in on farm bill, Trump budget - Brownfield Ag News](https://feedsoft.ai/events/71004-ag-economists-weigh-in-on-farm-bill-trump-budget-brownfield-ag-news.md) | -0.2% | -1.2% |
| SOY | 2023-07-05 | [On the search for extra farm bill funds - Brownfield Ag News](https://feedsoft.ai/events/35045-on-the-search-for-extra-farm-bill-funds-brownfield-ag-news.md) | -2.7% | -7.4% |
| SOY | 2021-10-05 | [ASA working on improved safety net for next farm bill - Brownfield Ag News](https://feedsoft.ai/events/44523-asa-working-on-improved-safety-net-for-next-farm-bill-brownfield-ag-news.md) | -0.6% | +0.1% |
| SOY | 2020-11-18 | [No more ad hoc payments a big "what if?" for farmers in 2021 - Brownfield Ag News](https://feedsoft.ai/events/50146-no-more-ad-hoc-payments-a-big-what-if-for-farmers-in-2021-brownfield-ag-news.md) | +1.8% | +1.2% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/more-money-needed-for-a-new-farm-bill/

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