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Budgeting for the 2023 Farm Bill has started, with House and Senate Agriculture committees outlining five-year spending plans. The current farm bill baseline is estimated at $648 billion over fiscal 2023-2027, and the 2018 law expires in September 2023.
Farm bill spending decisions shape future subsidy and conservation funding but do not immediately move feed prices. The debate is a longer-term policy factor.
ngwa.orgOct 11, 2022After 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.
