# Blog | House Agriculture Committee

> House Agriculture Committee Chairman K. Michael Conaway argued that farm net income fell 50% over four years and that the next farm bill should strengthen the farm safety net. He cited Chinese subsidies exceeding WTO limits by an estimated $100 billion in 2015.

- Date: 2017-03-23 · published 2017-03-23T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/71990-blog-house-agriculture-committee
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Signals congressional intent to keep or expand safety-net support for grains and cotton, which supports acreage and farmer cash flow but does not directly change near-term supply or prices.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-12-17 | [Thompson Secures Aid for America's Producers \| House Agriculture Committee](https://feedsoft.ai/events/26953-thompson-secures-aid-for-america-s-producers-house-agriculture-committee.md) | +0.1% | +5.5% |
| CORN | 2018-06-29 | [The House Agriculture Committee's 2018 Farm Bill (H.R. 2): A Side-by-Side Comparison with Current Law](https://feedsoft.ai/events/64516-the-house-agriculture-committee-s-2018-farm-bill-h-r-2-a-side-by-side.md) | +2.3% | -0.9% |
| 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 | 2019-06-16 | [Senate Agriculture Committee Trade Hearing- USMCA, China, and MFP Payments](https://feedsoft.ai/events/58573-senate-agriculture-committee-trade-hearing-usmca-china-and-mfp-payments.md) | -0.8% | -0.8% |
| CORN | 2018-05-16 | [The House Agriculture Committee’s 2018 Farm Bill (H.R. 2): A Side-by-Side Comparison with Current Law - EveryCRSReport.com](https://feedsoft.ai/events/65010-the-house-agriculture-committee-s-2018-farm-bill-h-r-2-a-side-by-side.md) | +0.3% | -4.4% |
| WHEAT | 2018-06-29 | [The House Agriculture Committee's 2018 Farm Bill (H.R. 2): A Side-by-Side Comparison with Current Law](https://feedsoft.ai/events/64516-the-house-agriculture-committee-s-2018-farm-bill-h-r-2-a-side-by-side.md) | -3.9% | +0.6% |
| WHEAT | 2025-05-21 | [Spending Impacts of PLC and ARC-CO in House Agriculture Reconciliation Bill - farmdoc daily](https://feedsoft.ai/events/24656-spending-impacts-of-plc-and-arc-co-in-house-agriculture-reconciliation-bill.md) | -0.4% | +1.4% |
| WHEAT | 2017-03-28 | [Trump ready to protect, boast about agriculture](https://feedsoft.ai/events/71994-trump-ready-to-protect-boast-about-agriculture.md) | +0.5% | +1.2% |

## Sources

- agriculture.house.gov: https://agriculture.house.gov/blog/default.aspx?Page=3

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