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Expired farm bill creates uncertainty for farmers

Oct 02, 2024
By Farms.com

U.S. agriculture faces challenges without new farm bill

 

The lapse of the 2018 farm bill extension has ushered in a period of uncertainty for American agriculture. With no new legislation in place, key programs that farmers rely on have ceased, and the impact is quickly becoming evident across the farming community.

Significantly, the disruption affects animal health initiatives and has terminated programs aimed at supporting emerging farmers and ranchers. These changes introduce severe challenges for those planning their agricultural activities for the 2025 crop year, especially with financing future operations now a major concern.

Particularly hard-hit are dairy producers who, starting January 1, will operate without the safety net previously provided by the farm bill. This gap in support comes at a time when agricultural businesses need certainty for making substantial financial commitments.

The situation is complicated by current political dynamics, with narrow margins in Congress hindering the passage of a new bill. Despite efforts to foster bipartisanship, political divisions and the pressures of an election cycle have stalled substantive legislative progress.

This legislative impasse means that U.S. farmers must prepare for the upcoming agricultural seasons without the usual federal support, a scenario that could affect not only those directly involved in farming but also the broader economic landscape of rural America.


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USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.