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USDA's Economic Research Service reports farm operations received $14.8 billion in government program payments in 2019. About 74 percent of commercial farms (gross cash farm income of $350,000 or more) received payments, averaging $84,775, versus about 31 percent of intermediate farms averaging $11,731.
Concentration of payments among large commercial farms shapes how much support sustains production and feed demand, though the 2019 figures are backward-looking and have little direct effect on feed prices.
ers.usda.govJul 6, 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.
