# The Trillion Dollar “Farm” Bill

> Analysis of the Congressional Budget Office's May 2022 baseline finds farm-related and nutrition spending projected at about $1.3 trillion over ten years. The increase is driven largely by a 66.4% rise in projected SNAP spending.

- Date: 2022-07-07 · published 2022-07-07T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/40477-the-trillion-dollar-farm-bill
- 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

Budget baselines shape how much room lawmakers have for farm programs in the next farm bill, which affects future support for farm incomes and production decisions. The effect on near-term grain prices is limited.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-11-02 | [Finding Fault With the Farm Bill](https://feedsoft.ai/events/67963-finding-fault-with-the-farm-bill.md) | -3.6% | -4.7% |
| CORN | 2023-04-01 | [Farm Bill 101](https://feedsoft.ai/events/36850-farm-bill-101.md) | -1.6% | -4.0% |
| CORN | 2021-12-23 | [Setting the Farm Bill Stage - AgWeb](https://feedsoft.ai/events/43582-setting-the-farm-bill-stage-agweb.md) | -0.7% | +3.1% |
| CORN | 2020-07-22 | [Will trade policy dominate the next farm bill debate?](https://feedsoft.ai/events/52102-will-trade-policy-dominate-the-next-farm-bill-debate.md) | -0.2% | +2.9% |
| CORN | 2023-05-08 | [Inside the $1.5 trillion farm bill with an Agriculture official \| Fortune](https://feedsoft.ai/events/35935-inside-the-1-5-trillion-farm-bill-with-an-agriculture-official-fortune.md) | -0.8% | -6.6% |
| SOY | 2017-11-02 | [Finding Fault With the Farm Bill](https://feedsoft.ai/events/67963-finding-fault-with-the-farm-bill.md) | +0.7% | +0.5% |
| SOY | 2023-04-01 | [Farm Bill 101](https://feedsoft.ai/events/36850-farm-bill-101.md) | -1.2% | -3.4% |
| SOY | 2021-12-23 | [Setting the Farm Bill Stage - AgWeb](https://feedsoft.ai/events/43582-setting-the-farm-bill-stage-agweb.md) | -0.1% | +6.4% |

## Sources

- southernagtoday.org: https://southernagtoday.org/2022/07/07/the-trillion-dollar-farm-bill/

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