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end of 2023, with very little talk of an extension to the current Farm Bill. There are still a lot of hurdles to clear before a new Farm Bill is finalized and approved by both houses of Congress, and ultimately is sent to President Biden for final approval. This will likely need to happen by the end of 2023 or very early in 2024, in order for the new legislation to be implemented for the 2024 crop year. Ultimately, there will likely be a compromise reached, and a new 5-year Farm Bill will be passed. However, given the political division that currently exists in Congress, a one-year extension of the current Farm Bill is certainly a possibility by the end of 2023.

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