# U.S. Farm Producers Received Almost $6 Billion From the Paycheck Protection Program in 2020 | Economic Research Service

> The USDA Economic Research Service reports that almost $6 billion in Paycheck Protection Program loans went to farm operations in 2020, with about 121,000 farm operations applying. The data draws on the 2019 Agricultural Resource Management Survey and SBA loan records.

- Date: 2021-10-04 · published 2021-10-04T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/44528-u-s-farm-producers-received-almost-6-billion-from-the-paycheck-protection
- 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

Pandemic relief for farms supported operating liquidity during 2020 but does not directly affect feed supply or demand. The article is a retrospective data release with no meaningful price implication.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-07-06 | [Commercial Farms Received the Most Government Payments in 2019 \| Economic Research Service](https://feedsoft.ai/events/46056-commercial-farms-received-the-most-government-payments-in-2019-economic.md) | -1.9% | -12.4% |
| CORN | 2021-09-07 | [U.S. Agriculture Sector Received an Estimated $35 Billion in COVID-19-Related Assistance in 2020 \| Economic Research Service](https://feedsoft.ai/events/45079-u-s-agriculture-sector-received-an-estimated-35-billion-in-covid-19-related.md) | -4.1% | -2.6% |
| CORN | 2019-01-31 | [Drought-Tolerant Corn in the U.S., New Report from USDA’s Economic Research Service \| Farm Policy News \| Illinois](https://feedsoft.ai/events/60958-drought-tolerant-corn-in-the-u-s-new-report-from-usda-s-economic-research.md) | -0.5% | -1.3% |
| CORN | 2022-02-07 | [Farm Prices for U.S. Major Field Crops Projected To Decline \| Economic Research Service](https://feedsoft.ai/events/14958-farm-prices-for-u-s-major-field-crops-projected-to-decline-economic-research.md) | +3.8% | +17.4% |
| CORN | 2024-08-05 | [Long-Term Growth Projected as U.S. Poultry and Egg Sector Recovers \| Economic Research Service](https://feedsoft.ai/events/28791-long-term-growth-projected-as-u-s-poultry-and-egg-sector-recovers-economic.md) | -1.7% | -1.5% |
| SOY | 2021-07-06 | [Commercial Farms Received the Most Government Payments in 2019 \| Economic Research Service](https://feedsoft.ai/events/46056-commercial-farms-received-the-most-government-payments-in-2019-economic.md) | -1.3% | -2.3% |
| SOY | 2021-09-07 | [U.S. Agriculture Sector Received an Estimated $35 Billion in COVID-19-Related Assistance in 2020 \| Economic Research Service](https://feedsoft.ai/events/45079-u-s-agriculture-sector-received-an-estimated-35-billion-in-covid-19-related.md) | -0.8% | -3.7% |
| SOY | 2022-02-07 | [Farm Prices for U.S. Major Field Crops Projected To Decline \| Economic Research Service](https://feedsoft.ai/events/14958-farm-prices-for-u-s-major-field-crops-projected-to-decline-economic-research.md) | +1.9% | +7.8% |

## Sources

- ers.usda.gov: https://ers.usda.gov/amber-waves/2021/october/u-s-farm-producers-received-almost-6-billion-from-the-paycheck-protection-program-in-2020

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