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An EWG analysis finds that proposed increases in farm bill price guarantees would mainly benefit farmers growing rice, peanuts and cotton in Southern congressional districts. Corn and soybean farmers in the Midwest would see few gains from the proposed increases.
The analysis also notes that top producers receive most Price Loss Coverage payments.
Higher price guarantees would support payments to rice growers more than to corn or soybean growers, so the effect on feed grain and oilseed supply is small. Any eventual change would be a policy signal rather than an immediate price driver.
ewg.orgScott Faber (EWG) Jared Hayes (EWGJul 13, 2023After 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.
