# Factors to Consider Heading Into the 2023 Farm Bill | Red River Farm Network

> Ranking Member G.T. Thompson said the 2018 farm bill's Title I programs spent about 24 percent less than expected and their ten-year costs are down $7 billion. He cited sharp increases in nitrogen fertilizer and farm diesel costs.

- Date: 2022-06-10 · published 2022-06-10T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/40926-factors-to-consider-heading-into-the-2023-farm-bill-red-river-farm-network
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Rising input costs from fertilizer and diesel squeeze farm margins, and lower program spending does not offset this pressure on production economics.

## Read by commodity

- UREA: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2022-03-15 | [Bill introduced to help provide relief on fertilizer tariffs - Texas Farm Bureau](https://feedsoft.ai/events/42259-bill-introduced-to-help-provide-relief-on-fertilizer-tariffs-texas-farm-bureau.md) | -1.6% | -0.2% |
| UREA | 2026-01-05 | [Shake-up in EU fertilizer pricing to hit farmer costs \| Latest Market News](https://feedsoft.ai/events/20991-shake-up-in-eu-fertilizer-pricing-to-hit-farmer-costs-latest-market-news.md) | +1.7% | +14.0% |
| UREA | 2022-01-28 | [EXCLUSIVE India plans over $40 billion for food, fertiliser subsidy for 2022/23 - sources \| Reuters](https://feedsoft.ai/events/43458-exclusive-india-plans-over-40-billion-for-food-fertiliser-subsidy-for-2022-23.md) | -4.8% | +5.2% |
| UREA | 2022-03-01 | [House Ag Committee Begins Farm Bill Work With Eye on Fertilizer Prices, China Trade War Effects](https://feedsoft.ai/events/42255-house-ag-committee-begins-farm-bill-work-with-eye-on-fertilizer-prices-china.md) | +19.2% | +18.9% |
| UREA | 2021-10-20 | [Rice Prices Set to Rise as Fertilizer Rally Drives Up Farm Costs - Caixin Global](https://feedsoft.ai/events/44642-rice-prices-set-to-rise-as-fertilizer-rally-drives-up-farm-costs-caixin-global.md) | -2.0% | +9.0% |
| DIESEL | 2019-10-22 | [OPEC, allies to consider deeper oil cuts at December meeting - Reuters — Octa](https://feedsoft.ai/events/56467-opec-allies-to-consider-deeper-oil-cuts-at-december-meeting-reuters-octa.md) | +0.6% | -2.4% |
| DIESEL | 2019-10-26 | [FreightWaves oil report: Valero's conference call had little good news on the impact of IMO 2020 - FreightWaves](https://feedsoft.ai/events/56765-freightwaves-oil-report-valero-s-conference-call-had-little-good-news-on-the.md) | -2.5% | -2.3% |
| DIESEL | 2019-09-27 | [Port Report: truckers beware – IMO 2020 will cause fuel prices to “go through the roof” - FreightWaves](https://feedsoft.ai/events/57266-port-report-truckers-beware-imo-2020-will-cause-fuel-prices-to-go-through-the.md) | -3.9% | +1.9% |

## Sources

- rrfn.com: https://www.rrfn.com/2022/06/10/the-ag-environment-heading-into-the-2023-farm-bill/

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