# Opening Statement: Chairman K. Michael Conaway: House Agriculture Full Committee Hearing: State of the Rural Economy | House Agriculture Committee

> House Agriculture Chairman K. Michael Conaway opened the February 6 hearing with Secretary Perdue on the rural economy. He said the sector has seen the steepest decline in net farm income since the Great Depression and cited tax reform and regulatory relief as helpful steps.

- Date: 2018-02-06 · published 2018-02-06T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/66481-opening-statement-chairman-k-michael-conaway-house-agriculture-full-committee
- 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

Political framing of farm hardship signals likely support for farm aid and farm bill spending, which sustains producer finances and production levels. It has no direct immediate price effect.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2018-05-15 | [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% |
| CORN | 2018-02-06 | [Sec. Perdue Briefs House Agriculture Committee on State of Rural Economy \| House Agriculture Committee](https://feedsoft.ai/events/66478-sec-perdue-briefs-house-agriculture-committee-on-state-of-rural-economy-house.md) | +1.3% | +3.3% |
| 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% |
| 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% |
| SOY | 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) | +1.2% | -5.8% |
| SOY | 2018-02-06 | [Sec. Perdue Briefs House Agriculture Committee on State of Rural Economy \| House Agriculture Committee](https://feedsoft.ai/events/66478-sec-perdue-briefs-house-agriculture-committee-on-state-of-rural-economy-house.md) | +3.3% | +9.8% |

## Sources

- agriculture.house.gov: https://agriculture.house.gov/news/documentsingle.aspx?DocumentID=4191

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