# 2023 Farm Bill budgeting is underway

> 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.

- Date: 2022-10-11 · published 2022-10-11T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/39116-2023-farm-bill-budgeting-is-underway
- 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

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.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-09-09 | [2023 Farm Bill debate underway](https://feedsoft.ai/events/39579-2023-farm-bill-debate-underway.md) | +1.1% | -0.1% |
| CORN | 2023-07-27 | [2023 Farm Bill Update \| Tennessee Farm Bureau](https://feedsoft.ai/events/35039-2023-farm-bill-update-tennessee-farm-bureau.md) | -13.2% | -14.2% |
| CORN | 2017-10-02 | [Senate Budget Plan Spares Farm Bill](https://feedsoft.ai/events/68457-senate-budget-plan-spares-farm-bill.md) | +2.7% | +1.7% |
| CORN | 2023-05-15 | [2023-05-15 Minority Analysis: The May 2023 Farm Bill Scoring...](https://feedsoft.ai/events/35928-2023-05-15-minority-analysis-the-may-2023-farm-bill-scoring.md) | -8.8% | -9.3% |
| CORN | 2019-10-02 | [Unpacking the 2018 Farm Bill \| AgAmerica](https://feedsoft.ai/events/56549-unpacking-the-2018-farm-bill-agamerica.md) | +2.2% | -1.0% |
| SOY | 2022-09-09 | [2023 Farm Bill debate underway](https://feedsoft.ai/events/39579-2023-farm-bill-debate-underway.md) | -1.3% | -7.7% |
| SOY | 2023-07-27 | [2023 Farm Bill Update \| Tennessee Farm Bureau](https://feedsoft.ai/events/35039-2023-farm-bill-update-tennessee-farm-bureau.md) | -7.5% | -12.1% |
| SOY | 2017-10-02 | [Senate Budget Plan Spares Farm Bill](https://feedsoft.ai/events/68457-senate-budget-plan-spares-farm-bill.md) | +0.4% | +0.7% |

## Sources

- ngwa.org: https://www.ngwa.org/detail/news/2022/10/11/2023-farm-bill-budgeting-is-underway

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