Farm Act 2024 Update. Democrats on the house and senate agriculture committees are proposing $10 billion in market relief for farmers as the parties spar over an extension of the 2018 farm bill. Endorsed by major agricultural groups like the national sorghum producers, the legislation proposes economic assistance targeted for the 2024 crop year.
Department of agriculture this month, net farm income is expected to decline 4.1% for 2024 after falling 19.4% in 2023 from the. Democrats on the house and senate agriculture committees are proposing $10 billion in market relief for farmers as the parties spar over an extension of the 2018 farm bill.