# Congress Provides $10 Billion for 2020 and 2021 Ag Disaster Payments | Center for Agricultural Law and Taxation

> President Biden signed a continuing resolution on September 30, 2021 that included $10 billion in retroactive disaster indemnity for crop, tree, and milk losses from 2020 and 2021 weather events. Eligible losses include drought, derechos, floods and freezes, with drought eligibility tied to US Drought Monitor ratings.

- Date: 2021-10-08 · published 2021-10-08T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/44525-congress-provides-10-billion-for-2020-and-2021-ag-disaster-payments-center-for
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Disaster payments support farm incomes after weather losses, which can keep marginal producers in operation and reduce forced selling. The payments do not add to physical supply, so the direct price effect is limited.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-12-17 | [Agriculture Dept. launches 2nd round of payments to farmers \| AP News](https://feedsoft.ai/events/61570-agriculture-dept-launches-2nd-round-of-payments-to-farmers-ap-news.md) | +0.4% | +0.3% |
| CORN | 2025-01-09 | [Will $10B in economic payments offset farm income losses? \| Agriculture Dive](https://feedsoft.ai/events/26503-will-10b-in-economic-payments-offset-farm-income-losses-agriculture-dive.md) | +4.1% | +5.7% |
| CORN | 2023-04-20 | [EU Regulation on deforestation-free products: What comes next for importers / exporters of agricultural commodities? \| BLOMSTEIN](https://feedsoft.ai/events/36440-eu-regulation-on-deforestation-free-products-what-comes-next-for-importers.md) | -1.0% | -9.9% |
| CORN | 2025-12-08 | [Trump Administration Announces $12 Billion Farmer Bridge Payments for American Farmers Impacted by Unfair Market Disruptions \| USDA](https://feedsoft.ai/events/21481-trump-administration-announces-12-billion-farmer-bridge-payments-for-american.md) | -1.0% | +0.0% |
| CORN | 2023-04-26 | [Opening Statement: “Producer Perspectives on the 2023 Farm Bill” \| House Agriculture Committee](https://feedsoft.ai/events/36398-opening-statement-producer-perspectives-on-the-2023-farm-bill-house-agriculture.md) | -2.1% | -5.4% |
| SOY | 2022-09-06 | [Agricultural commodity trader responses and the effectiveness of the new EU deforestation proposal \| European Forest Institute](https://feedsoft.ai/events/39614-agricultural-commodity-trader-responses-and-the-effectiveness-of-the-new-eu.md) | +2.6% | -9.0% |
| SOY | 2018-12-17 | [Agriculture Dept. launches 2nd round of payments to farmers \| AP News](https://feedsoft.ai/events/61570-agriculture-dept-launches-2nd-round-of-payments-to-farmers-ap-news.md) | -1.7% | -0.8% |
| SOY | 2025-01-09 | [Will $10B in economic payments offset farm income losses? \| Agriculture Dive](https://feedsoft.ai/events/26503-will-10b-in-economic-payments-offset-farm-income-losses-agriculture-dive.md) | +5.6% | +7.4% |

## Sources

- calt.iastate.edu: https://www.calt.iastate.edu/post/congress-provides-10-billion-2020-and-2021-ag-disaster-payments

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