# Higher grain prices impact government program payments - High Plains Journal

> K-State extension reports that higher grain prices after Russia's invasion of Ukraine have pushed marketing year average prices up, which may keep ARC and PLC government program payments from being triggered. The analysis draws on updated MYA price estimates tied to the February USDA Agricultural Prices report.

- Date: 2022-03-25 · published 2022-03-25T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/42342-higher-grain-prices-impact-government-program-payments-high-plains-journal
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Higher price estimates reduce the likelihood of government risk-program payments, so producers must rely more on market sales and hedges, which can add to near-term farm marketing pressure on grain. The effect on feed prices is indirect and mainly reflects the rally already seen in wheat and corn.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-10-01 | [Ethanol movements impact distiller grains \| Western Livestock Journal](https://feedsoft.ai/events/56574-ethanol-movements-impact-distiller-grains-western-livestock-journal.md) | +1.5% | -0.6% |
| CORN | 2021-01-29 | [Fill ’er up: Ethanol industry looks to help drive demand, net higher prices - High Plains Journal](https://feedsoft.ai/events/49159-fill-er-up-ethanol-industry-looks-to-help-drive-demand-net-higher-prices-high.md) | +2.4% | -0.7% |
| CORN | 2022-11-29 | [Removal of China’s domestic price trade barriers could increase China’s imports of agricultural commodities - High Plains Journal](https://feedsoft.ai/events/14880-removal-of-china-s-domestic-price-trade-barriers-could-increase-china-s-imports.md) | -3.8% | +0.6% |
| CORN | 2016-12-05 | [EPA grain projections concern poultry industry after lower prices](https://feedsoft.ai/events/73615-epa-grain-projections-concern-poultry-industry-after-lower-prices.md) | +4.1% | +2.4% |
| CORN | 2019-12-24 | [Argentine government taxes farmers to fund spending - Grain Central](https://feedsoft.ai/events/55423-argentine-government-taxes-farmers-to-fund-spending-grain-central.md) | -0.2% | +0.6% |
| KWHEAT | 2021-02-26 | [WHEAT SCOOPS: Higher wheat prices may be here for a while](https://feedsoft.ai/events/48660-wheat-scoops-higher-wheat-prices-may-be-here-for-a-while.md) | -4.9% | -12.0% |
| KWHEAT | 2024-06-01 | [Russia Clinches More Grain Control Just as Wheat Prices Spike](https://feedsoft.ai/events/14305-russia-clinches-more-grain-control-just-as-wheat-prices-spike.md) | -6.1% | -15.0% |
| KWHEAT | 2025-01-30 | [Russian wheat prices jump to highest since June on falling supply \| S&P Global](https://feedsoft.ai/events/26558-russian-wheat-prices-jump-to-highest-since-june-on-falling-supply-s-and-p-global.md) | +2.0% | -1.6% |

## Sources

- hpj.com: https://hpj.com/2022/03/25/higher-grain-prices-impact-government-program-payments/

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