# IFES 2021: Policy Update for 2022 - farmdoc daily

> 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.

- Date: 2021-12-31 · published 2021-12-31T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/43583-ifes-2021-policy-update-for-2022-farmdoc-daily
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Heavy reliance on government payments supports farm finances and input purchasing, while high 2022 break-even costs raise downside price risk for growers.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-01-05 | [IFES 2017: Farm Policy Review and Outlook for the 2018 Farm Bill - farmdoc daily](https://feedsoft.ai/events/66971-ifes-2017-farm-policy-review-and-outlook-for-the-2018-farm-bill-farmdoc-daily.md) | -0.4% | +2.4% |
| CORN | 2023-10-17 | [Farm Bill Update: October 2023 - OEFFA Policy](https://feedsoft.ai/events/33599-farm-bill-update-october-2023-oeffa-policy.md) | +2.6% | -1.6% |
| CORN | 2025-07-03 | [Farm Bill in Reconciliation: ARC/PLC Payment Projections; Policy Design Lab Update - farmdoc daily](https://feedsoft.ai/events/23744-farm-bill-in-reconciliation-arc-plc-payment-projections-policy-design-lab.md) | -5.1% | -5.0% |
| CORN | 2021-01-07 | [IFES 2020: Post-Election Farm Policy Outlook After Three Years of Ad Hoc Payments - farmdoc daily](https://feedsoft.ai/events/49111-ifes-2020-post-election-farm-policy-outlook-after-three-years-of-ad-hoc.md) | +5.6% | +13.4% |
| CORN | 2025-01-28 | [The 2025 Farm Bill What-If Tool - farmdoc daily](https://feedsoft.ai/events/26504-the-2025-farm-bill-what-if-tool-farmdoc-daily.md) | +0.7% | -0.3% |
| SOY | 2018-01-05 | [IFES 2017: Farm Policy Review and Outlook for the 2018 Farm Bill - farmdoc daily](https://feedsoft.ai/events/66971-ifes-2017-farm-policy-review-and-outlook-for-the-2018-farm-bill-farmdoc-daily.md) | -2.0% | +2.0% |
| SOY | 2023-10-17 | [Farm Bill Update: October 2023 - OEFFA Policy](https://feedsoft.ai/events/33599-farm-bill-update-october-2023-oeffa-policy.md) | +0.0% | +6.4% |
| SOY | 2025-07-03 | [Farm Bill in Reconciliation: ARC/PLC Payment Projections; Policy Design Lab Update - farmdoc daily](https://feedsoft.ai/events/23744-farm-bill-in-reconciliation-arc-plc-payment-projections-policy-design-lab.md) | -3.6% | -8.4% |

## Sources

- farmdocdaily.illinois.edu: https://farmdocdaily.illinois.edu/2021/12/ifes-2021-policy-update-for-2022.html

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