Loading…
GAO reviewed USDA's Market Facilitation Program, which paid $23 billion to farms for 2018 and 2019 trade-disruption losses. GAO found the Farm Service Agency's payment accuracy checks could be improved and recommended more reliable future reviews.
Historically underserved farmers received about 3.6 percent of the payments.
The findings concern oversight of past aid rather than new supply or demand, so direct price impact is limited. Any future supplemental assistance program could affect farm cash flow and feed purchasing.
gao.govU.S. Government Accountability OfficeJan 4, 2022After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% over 20.
After 2,447 past report events, Wheat (SRW) moved a median +0.0% over 5 sessions (51% higher; middle half -1.5% to +1.8%), 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.
