◂ Event Timeline

Aug 3, 2022POLICYUS

A Deep Dive into Farm Bill Funding

Texas A&M economist Bart Fischer discussed farm groups seeking higher baseline funding for the farm safety net in the next farm bill. He noted ARC and PLC make up about 3% of the bill while nutrition is about 84%.

WHY IT MATTERS

Farm bill funding debates affect producer support levels over the coming years but do not directly move near-term feed commodity prices.

AFFECTSCorn Soybeans Wheat (SRW)

SOURCE
rrfn.comCarah HartAug 3, 2022

Price reaction & history

Cornno directional readSO FAR1d +0.0%5d +2.2%20d +4.5%

After 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.

Aug 23, 2021Looking at a More Permanent Disaster Program | Red River Farm Network+2.3%
Jun 14, 2023How Does the Farm Bill Funding Process Work? - AgWeb+1.7%
Feb 9, 2023Seven Worries About Farm Safety Net Heading Into Next Farm Bill-1.3%
Apr 21, 2021China Seeking Alternatives to Corn and Soybean Meal | Red River Farm Network+14.7%
Nov 24, 2022A new, divided Congress will have to take on a new Farm Bill with far-reaching effects-3.3%

Soybeansno directional readSO FAR1d -0.7%5d +7.9%20d -3.6%

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.

Aug 23, 2021Looking at a More Permanent Disaster Program | Red River Farm Network+5.1%
Jun 14, 2023How Does the Farm Bill Funding Process Work? - AgWeb+8.3%
Feb 9, 2023Seven Worries About Farm Safety Net Heading Into Next Farm Bill+0.4%
Nov 24, 2022A new, divided Congress will have to take on a new Farm Bill with far-reaching effects-0.4%
Jul 31, 2023Legislation Introduced to Add Farm Bill Payment Limitations - Northern Ag Network-2.9%

Wheat (SRW)no directional readSO FAR1d -0.2%5d +6.9%20d -3.6%

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.

Aug 23, 2021Looking at a More Permanent Disaster Program | Red River Farm Network+1.1%
Jun 14, 2023How Does the Farm Bill Funding Process Work? - AgWeb+3.1%
Feb 9, 2023Seven Worries About Farm Safety Net Heading Into Next Farm Bill-2.6%
Apr 21, 2021China Seeking Alternatives to Corn and Soybean Meal | Red River Farm Network+4.5%
Nov 24, 2022A new, divided Congress will have to take on a new Farm Bill with far-reaching effects-1.0%

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.

Corn CORN · GP ▸

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Soybeans SOY · GP ▸

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