Loading…
The American Rescue Plan Act, signed March 11, 2021, set aside about $10.4 billion for agriculture and nutrition, including up to 120 percent of eligible FSA loan balances for socially disadvantaged farmers. USDA estimates the debt relief program will cost about $4 billion.
Later court injunctions halted the program.
Debt relief changes farm finances at the margin but has little direct effect on feed grain or protein supply and demand.
calt.iastate.eduKitt Tovar JensenApr 19, 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, SOY 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 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.
