# Opening Statement: Republican Leader Austin Scott General Farm Commodities and Risk Management Subcommittee Hearing: A Hearing to Review the Efficacy of the Farm Safety Net | House Agriculture Committee

> Republican Leader Austin Scott gave opening remarks at a House Agriculture subcommittee hearing on the efficacy of the farm safety net. He cited pandemic market disruption, drought, wildfires, hurricanes, and rising energy, input and feed costs. He said the 2023 Farm Bill must maintain a reliable safety net.

- Date: 2021-06-23 · published 2021-06-23T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/46564-opening-statement-republican-leader-austin-scott-general-farm-commodities-and
- 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

The hearing signals possible future changes to farm safety net programs, but it does not change near-term supply or demand for feed commodities. Its effect on prices is indirect and not immediate.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-02-08 | [Opening Statement: Republican Leader Austin Scott General Farm Commodities and Risk Management Subcommittee Hearing: “A Hearing to Review Farm Policy with Undersecretary Robert Bonnie” \| House Agriculture Committee](https://feedsoft.ai/events/42697-opening-statement-republican-leader-austin-scott-general-farm-commodities-and.md) | +1.9% | +14.4% |
| CORN | 2017-04-04 | [Opening Statement: Subcommittee Chairman Rick Crawford: General Farm Commodities and Risk Management Subcommittee Hearing: The Next Farm Bill: Commodity Policy Part II \| House Agriculture Committee](https://feedsoft.ai/events/71480-opening-statement-subcommittee-chairman-rick-crawford-general-farm-commodities.md) | -0.2% | +0.2% |
| CORN | 2024-07-23 | [Ranking Member David Scott Opening Statement at Farm Financial Conditions Hearing \| House Agriculture Committee](https://feedsoft.ai/events/29251-ranking-member-david-scott-opening-statement-at-farm-financial-conditions.md) | -0.3% | -3.4% |
| CORN | 2025-02-11 | [Ranking Member Angie Craig Opening Statement at Hearing on the Farm Economy \| House Agriculture Committee](https://feedsoft.ai/events/26027-ranking-member-angie-craig-opening-statement-at-hearing-on-the-farm-economy.md) | +1.4% | -5.7% |
| CORN | 2018-02-06 | [Opening Statement: Chairman K. Michael Conaway: House Agriculture Full Committee Hearing: State of the Rural Economy \| House Agriculture Committee](https://feedsoft.ai/events/66481-opening-statement-chairman-k-michael-conaway-house-agriculture-full-committee.md) | +1.3% | +3.3% |
| SOY | 2022-02-08 | [Opening Statement: Republican Leader Austin Scott General Farm Commodities and Risk Management Subcommittee Hearing: “A Hearing to Review Farm Policy with Undersecretary Robert Bonnie” \| House Agriculture Committee](https://feedsoft.ai/events/42697-opening-statement-republican-leader-austin-scott-general-farm-commodities-and.md) | -0.7% | +7.8% |
| SOY | 2017-04-04 | [Opening Statement: Subcommittee Chairman Rick Crawford: General Farm Commodities and Risk Management Subcommittee Hearing: The Next Farm Bill: Commodity Policy Part II \| House Agriculture Committee](https://feedsoft.ai/events/71480-opening-statement-subcommittee-chairman-rick-crawford-general-farm-commodities.md) | +0.4% | +2.1% |
| SOY | 2024-07-23 | [Ranking Member David Scott Opening Statement at Farm Financial Conditions Hearing \| House Agriculture Committee](https://feedsoft.ai/events/29251-ranking-member-david-scott-opening-statement-at-farm-financial-conditions.md) | -5.6% | -14.4% |

## Sources

- agriculture.house.gov: https://agriculture.house.gov/news/documentsingle.aspx?DocumentID=6958

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