◂ Event Timeline

Aug 12, 2021REPORTUS

Examining COVID-19 Financial Assistance to Farms and Farm Households

A USDA Economic Research Service working paper estimated that direct government assistance to farms rose by $23.8 billion in 2020 compared with 2019. The increase came from several COVID-19 relief bills, including CFAP and the Market Facilitation Program.

WHY IT MATTERS

Large government payments support farm incomes and can sustain production and feed demand, though the price effect is limited.

AFFECTSCorn Soybeans Wheat (SRW)

SOURCE
u.osu.edumarrison.2 atAug 12, 2021

Price reaction & history

Cornno directional readSO FAR1d +1.2%5d +0.7%20d -7.7%

After 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.

Aug 7, 2017Examining Farm Sector and Farm Household Income | Economic Research Service-1.6%
Dec 17, 2024Farm Programs: USDA Financial Assistance to Agricultural Producers for Fiscal Years 2019–2023 | U.S. GAO+0.1%
Jan 1, 2017U.S. Farm Income and Financial Outlook for 2017+0.3%
Sep 3, 2019Shaky start to September as trade fears and shrinking U.S. factory output slam stocks | Financial Post-6.0%
Jul 10, 2019Finding a Bottom Through Grains and Holiday Meat Demand | Ohio BEEF Cattle Letter+0.4%

Soybeansno directional readSO FAR1d -0.3%5d -3.4%20d -10.4%

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.

Aug 7, 2017Examining Farm Sector and Farm Household Income | Economic Research Service-1.4%
Dec 17, 2024Farm Programs: USDA Financial Assistance to Agricultural Producers for Fiscal Years 2019–2023 | U.S. GAO-1.3%
Jan 1, 2017U.S. Farm Income and Financial Outlook for 20170.0%
Sep 3, 2019Shaky start to September as trade fears and shrinking U.S. factory output slam stocks | Financial Post-1.4%
Jul 10, 2019Finding a Bottom Through Grains and Holiday Meat Demand | Ohio BEEF Cattle Letter+0.6%

Wheat (SRW)no directional readSO FAR1d +0.6%5d +2.5%20d +4.2%

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.

Aug 7, 2017Examining Farm Sector and Farm Household Income | Economic Research Service-3.8%
Dec 17, 2024Farm Programs: USDA Financial Assistance to Agricultural Producers for Fiscal Years 2019–2023 | U.S. GAO+1.4%
Jan 1, 2017U.S. Farm Income and Financial Outlook for 2017+0.3%
Apr 29, 2024Black Sea Grain Exports: Historical Trends, Volatility, and Financial Markets - CargoMetrics-1.8%
Nov 22, 2024Winter crops sowing is coming to an end in France-0.2%

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.

Corn CORN · GP ▸

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Soybeans SOY · GP ▸

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