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Farm Bureau chief economist John Newton said lawmakers should begin preparing the 2023 Farm Bill now. He argued that safety nets, commodity programs and crop insurance need to respond better to disasters, pandemics and retaliatory tariffs.
Future changes to commodity and insurance programs could affect planting incentives over time, but the comments are forward-looking and have no immediate price impact.
brownfieldagnews.comMar 18, 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.
