Farm Bill Extension 2024 Update. 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. Top staff from the house and senate ag committees continue their private talks on a possible new farm bill, while lawmakers prepare to approve a stopgap spending deal until.

The farm bill, which expired last year, affects food nutrition, farm subsidies, disaster aid and conservation programs. On november 15th, the senate voted to pass a house bill for a continuing resolution, which included an extension of the 2018 farm.