# Policy Update: USDA Unveils Details of Coronavirus Food Assistance Program · American Farmland Trust

> A policy update described USDA's Coronavirus Food Assistance Program, which provides $16 billion in direct payments to producers who suffered price declines of 5% or more. Applications opened May 26 and remain open through August. Payments are prorated because demand is expected to exceed available funds.

- Date: 2021-06-14 · published 2021-06-14T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/46569-policy-update-usda-unveils-details-of-coronavirus-food-assistance-program
- 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

Direct payments support farm incomes but do not directly alter feed supply or demand. The effect on feed commodity prices is minimal.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-06-04 | [USDA’s Coronavirus Food Assistance Program: Round One (CFAP-1) - EveryCRSReport.com](https://feedsoft.ai/events/52595-usda-s-coronavirus-food-assistance-program-round-one-cfap-1-everycrsreport-com.md) | +0.7% | +5.0% |
| CORN | 2020-05-27 | [USDA Now Accepting Applications for Coronavirus Food Assistance Program, Seeks Comments on Additional Entities to Include – Office of Advocacy](https://feedsoft.ai/events/53125-usda-now-accepting-applications-for-coronavirus-food-assistance-program-seeks.md) | +1.4% | +2.2% |
| CORN | 2021-08-27 | [Federal Register
       :: 
      Coronavirus Food Assistance Program 2; Producers of Sale-Based Commodities and Contract Producers](https://feedsoft.ai/events/45547-federal-register-coronavirus-food-assistance-program-2-producers-of-sale-based.md) | -4.6% | -10.8% |
| CORN | 2020-09-18 | [USDA to Provide Additional Direct Assistance to Farmers and Ranchers Impacted by the Coronavirus \| Farm Service Agency](https://feedsoft.ai/events/51103-usda-to-provide-additional-direct-assistance-to-farmers-and-ranchers-impacted.md) | -2.0% | +4.4% |
| CORN | 2021-03-03 | [Coronavirus Food Assistance Program: Where did the money go? \| 2021-03-03  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/48091-coronavirus-food-assistance-program-where-did-the-money-go-2021-03-03-agri.md) | +4.3% | +3.1% |
| SOY | 2020-06-04 | [USDA’s Coronavirus Food Assistance Program: Round One (CFAP-1) - EveryCRSReport.com](https://feedsoft.ai/events/52595-usda-s-coronavirus-food-assistance-program-round-one-cfap-1-everycrsreport-com.md) | +0.9% | +4.2% |
| SOY | 2020-05-27 | [USDA Now Accepting Applications for Coronavirus Food Assistance Program, Seeks Comments on Additional Entities to Include – Office of Advocacy](https://feedsoft.ai/events/53125-usda-now-accepting-applications-for-coronavirus-food-assistance-program-seeks.md) | +0.4% | +3.3% |
| SOY | 2021-08-27 | [Federal Register
       :: 
      Coronavirus Food Assistance Program 2; Producers of Sale-Based Commodities and Contract Producers](https://feedsoft.ai/events/45547-federal-register-coronavirus-food-assistance-program-2-producers-of-sale-based.md) | -6.5% | -6.0% |

## Sources

- farmland.org: https://farmland.org/blog/policy-update-usda-unveils-details-of-coronavirus-food-assistance-program

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