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EWG analysis of USDA data reports that nearly all CFAP and MFP pandemic payments went to white farmers, with white farmers receiving about $6.7 billion of the $9.2 billion CFAP paid through October 2020. The CFAP program was suspended by the Biden administration pending review.
Suspension of CFAP payments removes a source of farm cash support, but the equity findings do not directly alter commodity supply or prices.
ewg.orgJared Hayes (EWGFeb 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, 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.
