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A University of Illinois summary of the 2021 Illinois Farm Economics Summit outlines US net farm income, which is projected near $117 billion for 2021. It notes that government payments have reached high shares of farm income, with ad hoc programs averaging nearly $20 billion a year since 2018.
Heavy reliance on government payments supports farm finances and input purchasing, while high 2022 break-even costs raise downside price risk for growers.
farmdocdaily.illinois.eduHongxia JiaoDec 31, 2021After 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.
