# USDA to Issue More than $235 Million to Farmers Hit by Natural Disasters, Including Hurricane Milton

> USDA announced over $235 million in disaster payments, including $143 million in crop insurance indemnities for Florida producers hit by Hurricane Milton. About $92 million goes to livestock producers for feed costs tied to 2022 drought and wildfire losses.

- Date: 2024-10-30 · published 2024-10-30T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/27844-usda-to-issue-more-than-235-million-to-farmers-hit-by-natural-disasters
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Livestock feed-cost relief is modest and does not materially change feed demand, so the price impact is small.

## Read by commodity

- LCATTLE: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2021-07-09 | [USDA Announces $500 Million for Expanded Meat & Poultry Processing Capacity as Part of Efforts to Increase Competition, Level the Playing Field for Family Farmers and Ranchers, and Build a Better Food System \| USDA](https://feedsoft.ai/events/46061-usda-announces-500-million-for-expanded-meat-and-poultry-processing-capacity-as.md) | +0.1% | +0.5% |
| LCATTLE | 2023-01-06 | [Deforestation: proposed EU import ban may fail to protect tropical rainforests and farmers – here’s how it should work](https://feedsoft.ai/events/37818-deforestation-proposed-eu-import-ban-may-fail-to-protect-tropical-rainforests.md) | +0.0% | -0.1% |
| LCATTLE | 2020-05-19 | [Hoeven: USDA Releases Final Details for Direct Assistance to Farmers and Ranchers, Sign-Up to Start May 26](https://feedsoft.ai/events/53129-hoeven-usda-releases-final-details-for-direct-assistance-to-farmers-and.md) | +1.6% | -4.9% |
| LCATTLE | 2018-08-27 | [Trump farm bailout to provide $6 billion in initial relief](https://feedsoft.ai/events/63524-trump-farm-bailout-to-provide-6-billion-in-initial-relief.md) | -0.1% | +3.5% |
| LCATTLE | 2017-06-21 | [CFTC fines U.S. cattle futures traders $5 million](https://feedsoft.ai/events/70628-cftc-fines-u-s-cattle-futures-traders-5-million.md) | -3.7% | -5.4% |

## Sources

- usda.gov: https://www.usda.gov/about-usda/news/press-releases/2024/10/30/usda-issue-more-235-million-farmers-hit-natural-disasters-including-hurricane-milton

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