A GAO report finds that federal crop insurance cost $17.3 billion in 2022, with about $12 billion going to premium subsidies and $3.7 billion paid to private insurers. GAO recommends Congress consider reducing subsidies for the highest-income policyholders.
Possible changes to crop insurance subsidies could affect future acreage decisions and farm risk management, but the impact on feed prices is indirect and long-term.
After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% over 20.
After 2,447 past report events, Wheat (SRW) moved a median +0.0% over 5 sessions (51% higher; middle half -1.5% to +1.8%), 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.