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A GAO report reviews USDA's 2018 and 2019 Market Facilitation Program payments made to farmers after foreign retaliatory tariffs. It finds the 2019 trade damage estimates used inflated baselines, leading to higher payments, and that payments varied by region for the same crop.
Findings on overstated export-loss baselines could prompt tighter USDA methodology for future aid, with limited direct effect on feed grain prices.
gao.govU.S. Government Accountability OfficeNov 18, 2021After 406 past neutral report events, WHEAT moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.
