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A University of Illinois farmdoc daily article begins a series on Farm Bill policy design, starting with the Environmental Quality Incentives Program. It cites CBO projections of nearly $20 billion in EQIP spending plus $7.25 billion from the Inflation Reduction Act.
The article is conservation program analysis with no direct effect on feed grain or oilseed supply, demand or prices.
farmdocdaily.illinois.eduHongxia JiaoApr 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.
