# Biden would move some ag funds to climate change, but he’d still pay farmers – PolitiFact

> PolitiFact rates as false a claim that Biden will redirect $30 billion Trump left for farmers to climate change, noting the fund is a 1933 Commodity Credit Corporation-style fund used by Trump for trade aid. The nominee for agriculture secretary has said part of the fund could pay farmers for sustainable practices.

- Date: 2021-02-18 · published 2021-02-18T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/48609-biden-would-move-some-ag-funds-to-climate-change-but-he-d-still-pay-farmers
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Possible reallocation of the fund toward climate incentives would still flow to farmers, so the direct effect on feed commodity supply and prices is limited.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-07-14 | [‘Here’s your check’: Trump’s massive payouts to farmers will be hard to pull back - POLITICO](https://feedsoft.ai/events/52099-here-s-your-check-trump-s-massive-payouts-to-farmers-will-be-hard-to-pull-back.md) | -1.1% | -3.2% |
| CORN | 2022-11-18 | [U.S. House Republican farm bill approach may test Biden hunger, climate goals \| Reuters](https://feedsoft.ai/events/38657-u-s-house-republican-farm-bill-approach-may-test-biden-hunger-climate-goals.md) | -1.5% | -5.1% |
| CORN | 2017-08-28 | [Farm Bill Needs Tweaks, Not Wholesale Change - Farm Policy Facts](https://feedsoft.ai/events/69438-farm-bill-needs-tweaks-not-wholesale-change-farm-policy-facts.md) | +0.4% | +2.1% |
| CORN | 2023-11-06 | [Farm bill faces battle as GOP pushes to strip climate, SNAP funding for subsidies](https://feedsoft.ai/events/33151-farm-bill-faces-battle-as-gop-pushes-to-strip-climate-snap-funding-for-subsidies.md) | -0.5% | -0.9% |
| CORN | 2026-04-29 | [Policy Updates: $10B in bridge payments flow to farmers, but losses still outpace support - Pro Farmer](https://feedsoft.ai/events/19677-policy-updates-10b-in-bridge-payments-flow-to-farmers-but-losses-still-outpace.md) | +0.2% | +0.3% |
| SOY | 2020-07-14 | [‘Here’s your check’: Trump’s massive payouts to farmers will be hard to pull back - POLITICO](https://feedsoft.ai/events/52099-here-s-your-check-trump-s-massive-payouts-to-farmers-will-be-hard-to-pull-back.md) | +3.0% | +0.0% |
| SOY | 2018-08-27 | [Trump offers trade aid to farmers, but some question its fairness - POLITICO](https://feedsoft.ai/events/63523-trump-offers-trade-aid-to-farmers-but-some-question-its-fairness-politico.md) | -1.1% | -0.1% |
| SOY | 2022-11-18 | [U.S. House Republican farm bill approach may test Biden hunger, climate goals \| Reuters](https://feedsoft.ai/events/38657-u-s-house-republican-farm-bill-approach-may-test-biden-hunger-climate-goals.md) | +1.4% | +4.4% |

## Sources

- politifact.com: https://politifact.com/factchecks/2021/feb/18/facebook-posts/biden-would-move-some-ag-funds-climate-change-hed/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.