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An EWG analysis reported by Bloomberg finds 1% of farm aid recipients collected 23% of subsidy payments in 2019, rising to 24% in early 2020. The top recipients averaged nearly $498,000 per payment, the largest share since 2007.
Concentration of aid in large operations keeps production capacity supported, but the story does not add new supply or demand changes for feed grains.
farmprogress.comBloombergFeb 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.
