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A farmdoc daily article reviews the WHIP, WHIP+ and Emergency Relief Program disaster assistance schemes created since 2017. It notes these ad hoc programs may be proposed as permanent additions in the next farm bill.
Ad hoc disaster payments affect farm income and planting decisions at the margin but do not alter near-term crop supply or prices.
farmdocdaily.illinois.eduHongxia JiaoJun 7, 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.
