# Updating base could help farm bill funding, but at political cost | 2017-09-26 | Agri-Pulse | Agri-Pulse Communications, Inc.

> The Congressional Budget Office estimates that a mandatory update of crop base acreage would save about $470 million over 10 years. Eliminating the 17 million acres of generic base could save about $2.4 billion, but cotton growers have proposed reallocating that base to cottonseed eligibility under PLC.

- Date: 2017-09-27 · published 2017-09-27T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/68953-updating-base-could-help-farm-bill-funding-but-at-political-cost-2017-09-26
- 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

Base acreage determines commodity program payments, so changes affect farm income support rather than direct supply or demand. Any resulting funding shifts are unlikely to move futures prices materially.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-04-18 | [House farm bill tees up fights over funding, policy \| 2018-04-18 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/65506-house-farm-bill-tees-up-fights-over-funding-policy-2018-04-18-agri-pulse-agri.md) | -0.0% | +4.7% |
| CORN | 2017-03-15 | [Ag groups urge boost in farm bill spending \| 2017-03-15 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/71993-ag-groups-urge-boost-in-farm-bill-spending-2017-03-15-agri-pulse-agri-pulse.md) | +1.0% | +1.9% |
| CORN | 2023-03-09 | [House Ag makes case for new farm bill funding \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/36849-house-ag-makes-case-for-new-farm-bill-funding-agri-pulse-communications-inc.md) | -1.0% | -0.0% |
| CORN | 2021-08-04 | [Push for conservation funding raises farm bill questions \| 2021-08-03  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/45551-push-for-conservation-funding-raises-farm-bill-questions-2021-08-03-agri-pulse.md) | -1.0% | -3.1% |
| CORN | 2026-06-24 | [Trump seeks E15, hemp fix and $11B in farm aid in funding bill \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/18786-trump-seeks-e15-hemp-fix-and-11b-in-farm-aid-in-funding-bill-agri-pulse.md) | -2.3% | +5.6% |
| SOY | 2018-04-18 | [House farm bill tees up fights over funding, policy \| 2018-04-18 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/65506-house-farm-bill-tees-up-fights-over-funding-policy-2018-04-18-agri-pulse-agri.md) | -2.3% | -2.6% |
| SOY | 2017-03-15 | [Ag groups urge boost in farm bill spending \| 2017-03-15 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/71993-ag-groups-urge-boost-in-farm-bill-spending-2017-03-15-agri-pulse-agri-pulse.md) | +1.4% | -4.9% |
| SOY | 2023-03-09 | [House Ag makes case for new farm bill funding \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/36849-house-ag-makes-case-for-new-farm-bill-funding-agri-pulse-communications-inc.md) | -2.5% | -1.0% |

## Sources

- agri-pulse.com: https://www.agri-pulse.com/articles/9916-updating-base-could-help-farm-bill-funding-but-at-political-cost

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