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A Farm Progress policy column says CBO projects the cost of keeping the 2014 farm bill in place at about $890 billion over ten years. Savings from lower SNAP spending offset higher projected farm safety-net costs.
The column adds that budget limits will shape the next farm bill debate.
Budget constraints may limit the size of future crop insurance and commodity support, which could affect farm risk-management incentives over the longer term. The effect on near-term feed prices is small.
farmprogress.comBrad LubbenAug 4, 2017After 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.
