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An agricultural policy column addresses controversy over the Emergency Relief for Farmers of Color Act, which provides $4 billion in direct payments to cover up to 120 percent of USDA-guaranteed debt. It cites Senator Lindsey Graham's criticism of the provision.
The column links farm price supports to minimum wage policy.
The debate over farm debt relief is political and does not change near-term feed grain supply or prices.
agpolicy.orgApr 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, 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.
