Farm Bill 2024 Update. The farm bill has once again expired, as a yearlong extension of the massive agricultural spending package ended on monday night without congressional action. If congress fails to authorize a new farm bill by the deadline, there is a high likelihood that the current farm bill will be extended for another year, with plans to.
The current farm law, the agriculture improvement act of 2018 (2018 farm act), was signed on december 20, 2018. An escalator clause in the current farm bill allows for an increase in reference prices given current market conditions, with an official list of prices released by the usda farm.
