# Potential Federal Policy Responses to Negative Grain Farm Incomes - farmdoc daily

> Farmdoc analysts project 2024 grain farm incomes will be low and in many cases negative. Hurricanes Helene and Milton have added damage, and federal relief via a farm bill extension or ad hoc disaster aid is likely in the lame duck session.

- Date: 2024-10-23 · published 2024-10-23T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/27841-potential-federal-policy-responses-to-negative-grain-farm-incomes-farmdoc-daily
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Expectations of federal aid may support farm incomes and planting intentions without directly changing supply, so price impact is limited near term.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-01-05 | [IFES 2017: Farm Policy Review and Outlook for the 2018 Farm Bill - farmdoc daily](https://feedsoft.ai/events/66971-ifes-2017-farm-policy-review-and-outlook-for-the-2018-farm-bill-farmdoc-daily.md) | -0.4% | +2.4% |
| CORN | 2020-12-01 | [Farmers Have Received $7.7B in Trade Aid to Date \| Feed & Grain](https://feedsoft.ai/events/49635-farmers-have-received-7-7b-in-trade-aid-to-date-feed-and-grain.md) | -0.4% | +1.4% |
| CORN | 2024-05-15 | [Statutory Reference Prices and the Next Farm Bill - farmdoc daily](https://feedsoft.ai/events/30236-statutory-reference-prices-and-the-next-farm-bill-farmdoc-daily.md) | +0.8% | +5.1% |
| CORN | 2021-01-07 | [IFES 2020: Post-Election Farm Policy Outlook After Three Years of Ad Hoc Payments - farmdoc daily](https://feedsoft.ai/events/49111-ifes-2020-post-election-farm-policy-outlook-after-three-years-of-ad-hoc.md) | +5.6% | +13.4% |
| CORN | 2025-01-28 | [The 2025 Farm Bill What-If Tool - farmdoc daily](https://feedsoft.ai/events/26504-the-2025-farm-bill-what-if-tool-farmdoc-daily.md) | +0.7% | -0.3% |
| SOY | 2018-01-05 | [IFES 2017: Farm Policy Review and Outlook for the 2018 Farm Bill - farmdoc daily](https://feedsoft.ai/events/66971-ifes-2017-farm-policy-review-and-outlook-for-the-2018-farm-bill-farmdoc-daily.md) | -2.0% | +2.0% |
| SOY | 2020-12-01 | [Farmers Have Received $7.7B in Trade Aid to Date \| Feed & Grain](https://feedsoft.ai/events/49635-farmers-have-received-7-7b-in-trade-aid-to-date-feed-and-grain.md) | -0.9% | +10.9% |
| SOY | 2024-05-15 | [Statutory Reference Prices and the Next Farm Bill - farmdoc daily](https://feedsoft.ai/events/30236-statutory-reference-prices-and-the-next-farm-bill-farmdoc-daily.md) | +3.1% | -1.8% |

## Sources

- farmdocdaily.illinois.edu: https://farmdocdaily.illinois.edu/2024/10/potential-federal-policy-responses-to-negative-grain-farm-incomes.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.