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CoBank economist Jacqui Fatka reviews how the 2023 farm bill will be written in a very different environment than 2018, with high input costs and elevated commodity prices. Senate Agriculture leaders Stabenow and Boozman plan to pursue bipartisan support, with open questions on permanent disaster aid and conservation funding.
Rising input costs and farm safety-net debates shape producer planting and budget decisions but offer no immediate price impulse for feed ingredients.
farmprogress.comJacqui FatkaMay 5, 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, SOY 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 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.
