# Increasing price guarantees primarily benefits Southern states, analysis shows | Environmental Working Group

> 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.

- Date: 2023-07-13 · published 2023-07-13T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/35040-increasing-price-guarantees-primarily-benefits-southern-states-analysis-shows
- 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

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.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-06-22 | [Triple dipping: How some farmers got paid three times for the same decreases in crop prices \| Environmental Working Group](https://feedsoft.ai/events/40919-triple-dipping-how-some-farmers-got-paid-three-times-for-the-same-decreases-in.md) | +1.4% | -9.8% |
| CORN | 2016-11-28 | [Could Farm Policy Support Healthy Diets? \| Environmental Working Group](https://feedsoft.ai/events/73845-could-farm-policy-support-healthy-diets-environmental-working-group.md) | -3.4% | -1.4% |
| CORN | 2020-08-06 | [Even More Billions in U.S. Farm Bailouts Risk Violating Trade Agreements \| Environmental Working Group](https://feedsoft.ai/events/51604-even-more-billions-in-u-s-farm-bailouts-risk-violating-trade-agreements.md) | +1.4% | +8.8% |
| CORN | 2019-07-30 | [USDA Bailout for Impact of Trump’s Tariffs Goes to Biggest, Richest Farmers \| Environmental Working Group](https://feedsoft.ai/events/58075-usda-bailout-for-impact-of-trump-s-tariffs-goes-to-biggest-richest-farmers.md) | -5.6% | -10.5% |
| CORN | 2023-02-07 | [Trump USDA farmer bailout funds flowed to Mar-a-Lago neighbor instead \| Environmental Working Group](https://feedsoft.ai/events/37288-trump-usda-farmer-bailout-funds-flowed-to-mar-a-lago-neighbor-instead.md) | -0.6% | -4.4% |
| SOY | 2022-06-22 | [Triple dipping: How some farmers got paid three times for the same decreases in crop prices \| Environmental Working Group](https://feedsoft.ai/events/40919-triple-dipping-how-some-farmers-got-paid-three-times-for-the-same-decreases-in.md) | -1.0% | -13.8% |
| SOY | 2016-11-28 | [Could Farm Policy Support Healthy Diets? \| Environmental Working Group](https://feedsoft.ai/events/73845-could-farm-policy-support-healthy-diets-environmental-working-group.md) | -1.8% | -5.4% |
| SOY | 2020-08-06 | [Even More Billions in U.S. Farm Bailouts Risk Violating Trade Agreements \| Environmental Working Group](https://feedsoft.ai/events/51604-even-more-billions-in-u-s-farm-bailouts-risk-violating-trade-agreements.md) | +1.0% | +9.1% |

## Sources

- ewg.org: https://www.ewg.org/news-insights/news/2023/07/increasing-price-guarantees-primarily-benefits-southern-states-analysis

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