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An Agri-Pulse analysis found that $23.6 billion in Coronavirus Food Assistance Program payments made in 2020 were concentrated among large operations and high-production regions. About 45,000 recipients received more than half the payments, and nearly 870 received at least $1 million.
The concentration of aid among large producers helps explain how farm cash was distributed, but it does not change current supply, demand or feed prices.
agri-pulse.comPhilip Brasher, Ben Nuelle, Noah WicksMar 3, 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.
