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The CRFB explains that the House farm bill would cost about $3 billion over five years and be roughly deficit-neutral over ten years. It details changes including tighter SNAP work requirements for able-bodied adults under 60, which has a net budget effect close to zero.
Budget neutrality and the SNAP changes affect whether the bill can pass, which determines how long current commodity and insurance programs stay in place.
crfb.orgMay 10, 2018After 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, Soybeans 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 (SRW) 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.
