Farms.com Home   News

Farm groups push for farm bill renewal

Dec 10, 2024
By Farms.com

Congress faces delays on new farm bill approval

The clock is running out for Congress to pass a new farm bill, leaving farmers and agricultural groups anxious about the future. 

The 2018 Farm Bill expired last year, and a temporary extension has also ended. As lawmakers struggle to finalize a new version, discussions point towards another short-term extension.

The farm bill underpins vital programs, including SNAP, crop insurance, and disaster aid. Delays leave farmers grappling with uncertainty while policymakers debate funding priorities.

Aaron Shier from the National Farmers Union noted, “Any extension should take stock of the current economic reality to make sure there’s adequate support if there’s not a full new law.”

Without Congressional action, outdated laws from the 1940s could take effect, creating market disruptions with inflated government subsidies.

Despite these risks, optimism remains among farm groups. Brantley Seifers of the Indiana Farm Bureau said, “I am very hopeful that we get that done.”

Proposals include adding financial aid for inflation and natural disaster relief. Congress’s next steps will significantly impact the agricultural sector.


Trending Video

A Reopening of the Strait of Hormuz is Bearish Long Team Diesel/Fertilizer!

Video: A Reopening of the Strait of Hormuz is Bearish Long Team Diesel/Fertilizer!


The Iran/U.S. peace deal and the reopening of the Strait of Hormuz is bearish farm diesel prices and fertilizer.
A peak in crude oil = a peak in soy oil futures + a peak in canola futures short-term.
The SpaceX IPO increased Elon Musk’s net worth by $300 billion in 1 day more than what Warren Buffet made in his entire lifetime! WOW!
The NEW Fed chairman Kevin Warsch was too hawkish and hates providing guidance and visibility on interest rates. U.S. $ Index breaks above $100.
Cattle on Feed BULLISH!
S&P Global shock- the U.S. could lose 30 million corn acres by 2050. They say we need E15 mandated now!
China has started buying U.S. soybeans, but we need more volume.