Items to Watch for in the 2023 Farm Bill

As the 2023 Farm Bill starts to draw eyes and lawmakers begin meeting with stakeholders this month, we’ll continue to provide updates and insights to keep you up to speed. From commodity prices to the expansion of viable crop insurance programs, there are many topics farmers will be paying close attention to as the next few months unfold.

When the first drafts of the bill take form, its likely these five items will receive the largest level of focus throughout the process:

1. More conservation and climate benefits focus
2. Adjustment of reference prices as breakeven prices increase
3. Expanding crop insurance to cover more extreme weather programs
4. Educating members of Congress on the importance of making informed decisions for rural constituents
5. Completion of farm bill in 2023, particularly as previous bills have faced delayed decision making and with a potential shift in power in Congress and an upcoming presidential election in 2024.

Read more on the 2023 Farm Bill here.