Loading…
University of Illinois and Ohio State economists review the Inflation Reduction Act of 2022, which includes about $43.7 billion for agricultural conservation, rural development and forestry programs. The House was expected to accept the Senate version and send it to President Biden.
Conservation and rural funding shifts land-use incentives and rural credit over time, but the bill has little near-term effect on feed commodity supply or prices.
farmdocdaily.illinois.eduLee BynumAug 12, 2022After 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.
