
Farmdoc daily analysts examine the 2018 Market Facilitation Program, the ad hoc payments made to farms for export losses from retaliatory tariffs. Soybeans received 86% of MFP 2018 payments.
The authors argue a commodity program coverage gap justifies the ad hoc aid.
Government aid for trade-damaged crops affects farm cash flow and planting incentives, but it does not directly move feed commodity prices in the near term.
After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% 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.