2024 Farm Bill Status. Our nation's food security depends on strong agricultural policy that provides stability for america's farmers and ranchers; 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. Farm, food, and national security act of 2024.