Farm Bill Update July 2024. 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 service agency (fsa), the first week of january 2024. The bill extends the farm bill through september 2024.

The farm bill has once again expired, as a yearlong extension of the massive agricultural spending package ended on monday night without congressional action. Nsac welcomed the pragmatic senate bill, the rural prosperity and food security act of 2024 (rpfsa), as an important step toward completing a bipartisan farm bill.