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Ranking Member Collin Peterson said the next farm bill should be funded at a higher baseline rather than cut, citing farm financial strain and priorities including restoring cotton as a covered commodity and fixing Dairy Margin Protection. He also said he would like the Conservation Reserve Program returned to 35 to 40 million acres.
A larger baseline would support dairy margin protection and cotton programs, while a CRP expansion would take land out of production over time, a mildly bullish factor for crop prices.
brownfieldagnews.comMark DorenkampFeb 23, 2017After 17 past bullish policy events, Milk (Class III) moved a median -0.6% over 5 sessions (29% higher; middle half -1.6% to +0.2%), and -3.0% 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.
