2024 Farm Bill Update Today. With farmers up against tight margins and continuing to wait on a new farm bill, the farm assistance and revenue mitigation (farm) act has been introduced to congress to. 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.

The farm bill must provide consumers access to the safest and most affordable food supply. The farm bill has once again expired, as a yearlong extension of the massive agricultural spending package ended on monday night without congressional action.