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An EWG analysis of USDA records finds farm subsidy payments grew from about $4 billion in 2017 to over $20 billion in 2020, largely from ad hoc trade-war programs. The share going to the largest farms also rose.
Subsidy reform debate under the new administration could change future payment design, but no immediate change to crop or livestock supply is announced.
ewg.orgEWGFeb 24, 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.
