◂ Event Timeline

Feb 11, 2021POLICYUS

Ask the Expert: Agriculture Risk Coverage and Price Loss Coverage Q&A with Dr. Joe Outlaw

USDA's Farmers.gov Q&A with Texas A&M economist Joe Outlaw explains ARC and PLC as income support programs tied to price and revenue drops. It notes the 2021 enrollment deadline is March 15, 2021.

WHY IT MATTERS

Enrollment decisions affect how farmers plan planting and marketing, but the explainer does not change supply or demand for feed commodities.

AFFECTSCorn Soybeans Wheat (SRW)

SOURCE
farmers.govUnited States Department of AgricultureFeb 11, 2021

Price reaction & history

Cornno directional readSO FAR1d +0.7%5d -0.6%20d +3.0%

After 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.

Sep 3, 2019Federal Register :: Agriculture Risk Coverage and Price Loss Coverage Programs-6.0%
Nov 5, 2020USDA Offers Critical Programs and Services to Support American Agriculture | Farmers.gov+0.3%
Sep 2, 2022The Future of Food and Agricultural Trade with China - Farm Foundation-0.6%
Jan 28, 2021More Government Money on the Way for Kentucky Farmers | Agricultural Economics+2.7%
Jun 29, 2018The House Agriculture Committee's 2018 Farm Bill (H.R. 2): A Side-by-Side Comparison with Current Law+2.3%

Soybeansno directional readSO FAR1d +1.0%5d +1.6%20d +4.5%

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.

Sep 3, 2019Federal Register :: Agriculture Risk Coverage and Price Loss Coverage Programs-1.4%
Nov 5, 2020USDA Offers Critical Programs and Services to Support American Agriculture | Farmers.gov+6.0%
Sep 2, 2022The Future of Food and Agricultural Trade with China - Farm Foundation+1.1%
Jan 28, 2021More Government Money on the Way for Kentucky Farmers | Agricultural Economics-0.3%
Jun 29, 2018The House Agriculture Committee's 2018 Farm Bill (H.R. 2): A Side-by-Side Comparison with Current Law+1.5%

Wheat (SRW)no directional readSO FAR1d -0.1%5d +9.3%20d +9.6%

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.

Sep 3, 2019Federal Register :: Agriculture Risk Coverage and Price Loss Coverage Programs-0.8%
Nov 5, 2020USDA Offers Critical Programs and Services to Support American Agriculture | Farmers.gov+0.4%
Jan 28, 2021More Government Money on the Way for Kentucky Farmers | Agricultural Economics-9.7%
Jun 29, 2018The House Agriculture Committee's 2018 Farm Bill (H.R. 2): A Side-by-Side Comparison with Current Law-3.9%
Jan 7, 2026Why 2026 could see the end of the Farm Bill era of American agriculture policy-0.2%

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.

Corn CORN · GP ▸

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Soybeans SOY · GP ▸

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