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A CRS report previews the 2018 farm bill, noting the 2014 farm bill's many provisions expire in 2018 and the 115th Congress must reauthorize them. It recaps the 2014 law's 12 titles and its roughly $489 billion projected mandatory cost over FY2014-FY2018.
Farm bill reauthorization sets commodity support, crop insurance and nutrition funding, shaping future producer revenue and feed-grain acreage incentives, but it is a multi-year process with no immediate price shock.
everycrsreport.comMar 15, 2017everycrsreport.comMar 15, 2017After 137 past neutral policy events, WHEAT moved a median -0.4% over 5 sessions (43% higher; middle half -1.9% to +1.2%), and +0.3% over 20.
After 554 past neutral policy events, SOY moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.
After 439 past neutral policy events, CORN moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.
Not enough comparable past events yet for a historical read.
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.
