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USDA's Economic Research Service estimates total COVID-19-related relief to U.S. agriculture at $35.1 billion in 2020. Farm operations received $29.5 billion of that, and the CFAP 1 and CFAP 2 programs paid $23.5 billion directly to farmers and ranchers.
The relief payments cushioned producers against 2020 price declines but do not directly move feed grain or meal prices. The figures are a retrospective accounting of past support.
ers.usda.govSep 7, 2021After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% over 20.
After 2,447 past report events, Wheat (SRW) moved a median +0.0% over 5 sessions (51% higher; middle half -1.5% to +1.8%), 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.
