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USDA described Inflation Reduction Act funding of $3.1 billion for distressed borrowers and Farm Service Agency loans. About 20,000 producers received assistance, and USDA also provided about $1.1 billion to bring delinquent borrowers current.
A Michigan blueberry farmer was cited as an example of an operation kept viable.
Loan relief helps keep farms operating and supply steady, but its effect on commodity prices is small.
farmers.govUnited States Department of AgricultureJun 20, 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.
