2024 Farm Bill Status 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. The bill also expands the loan limits for individual direct and guaranteed farm ownership loans, up from $600,000 to $850,000 and $2.2 to $3 million respectively.
House of representatives committee on agriculture completed its markup of the farm, food and national security act of 2024 (farm bill) on may 24,. It was extended through fy2024.
