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The National Sustainable Agriculture Coalition released a report finding that at least $142 billion was distributed to farmers through the farm safety net from 2017 to 2022. That total includes $46 billion in crop insurance premium subsidies, $29 billion in commodity payments and $67 billion in ad-hoc disaster aid.
The report argues these programs are unsustainable and unequally distributed.
Pressure to cut crop insurance and commodity subsidies could change future production incentives for row crops. Any near-term price effect is minimal, since the proposals remain debate-stage.
farmaid.orgHank TremblayFeb 20, 2024After 1,623 past policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.4% to +1.5%), and +0.4% over 20.
After 1,905 past policy events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.2% over 20.
After 1,019 past policy events, Wheat (SRW) moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.5%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
