# Sec. Perdue Briefs House Agriculture Committee on State of Rural Economy | House Agriculture Committee

> Agriculture Secretary Sonny Perdue briefed the House Agriculture Committee on the state of the rural economy and USDA's recently released farm bill priorities. Committee Chairman K. Michael Conaway said depressed prices stem from natural disasters, high foreign subsidies, and tariff and non-tariff barriers.

- Date: 2018-02-06 · published 2018-02-06T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/66478-sec-perdue-briefs-house-agriculture-committee-on-state-of-rural-economy-house
- 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

Farm bill direction and sustained low farm incomes shape long-term producer decisions on acreage and livestock herd sizes, which feed through to feed grain and protein supply. The briefing itself does not change near-term prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| CORN | 2017-03-23 | [Blog \| House Agriculture Committee](https://feedsoft.ai/events/71990-blog-house-agriculture-committee.md) | +0.2% | -0.3% |
| 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 | 2023-04-26 | [Opening Statement: “Producer Perspectives on the 2023 Farm Bill” \| House Agriculture Committee](https://feedsoft.ai/events/36398-opening-statement-producer-perspectives-on-the-2023-farm-bill-house-agriculture.md) | -2.1% | -5.4% |
| CORN | 2018-05-15 | [Opening Statement: Conaway Offers Remarks on the 2018 Farm Bill Before House Rules Committee \| House Agriculture Committee](https://feedsoft.ai/events/65011-opening-statement-conaway-offers-remarks-on-the-2018-farm-bill-before-house.md) | +2.0% | -4.0% |
| SOY | 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) | +3.3% | +9.8% |
| SOY | 2017-03-23 | [Blog \| House Agriculture Committee](https://feedsoft.ai/events/71990-blog-house-agriculture-committee.md) | -3.1% | -5.3% |
| SOY | 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) | -1.0% | -4.9% |

## Sources

- agriculture.house.gov: https://agriculture.house.gov/news/documentsingle.aspx?DocumentID=4192

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