The sweeping legislation that funds everything from agricultural subsidies to nutrition assistance and conservation program is two years overdue for a full refresh.
The farm bill’s current price thresholds don’t reflect higher production costs like gas, machinery and chemicals, all of which have gotten more expensive.
Will there be a new Farm Bill this year? Will the Federal Reserve cut interest rates? These are a few of the questions top of mind for Brian Duncan, farmer and president of the Illinois Farm Bureau.
The current bill, which funds everything from crop insurance to nutrition programs, was set to expire back in September. Congress gave itself a yearlong extension to negotiate an update — but it could take even longer than that.