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Farm experts told House Agriculture lawmakers that crop insurance and safety net programs work but need fixes after the pandemic. Speakers said low commodity prices in 2018 and 2019 did not trigger PLC payments, and they urged changes ahead of the next Farm Bill.
Policy discussion on safety nets affects long-term risk management for grain and oilseed growers, but no near-term supply or price change follows from it.
pnwag.netPNW Ag SourceJul 9, 2021After 1,623 past policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.4% to +1.5%), and +0.4% over 20.
After 1,905 past policy events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.2% over 20.
After 1,019 past policy events, Wheat (SRW) moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.5%), 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.
