Farm Act 2024 Update. As the first big update since the 2014 farm bill, which was based on 2012 economic conditions on the farm, and the most meaningful increase in the farm safety net in 22 years, the. “the corn payment, according to our calculations, would.

As the first big update since the 2014 farm bill, which was based on 2012 economic conditions on the farm, and the most meaningful increase in the farm safety net in 22 years, the. Gary schnitkey says the $21 billion farm act, or farmer assistance and revenue mitigation act of 2024, would bring significant payments to most producers.