# Looking ahead: 2021 farm incomes to tumble without federal aid

> University of Illinois economists expect 2021 U.S. farm incomes to fall without federal aid. Ad hoc government payments and a late-2020 production rebound lifted 2020 revenue. The corn yield estimate was also cut from 181.8 bpa in August to 175.8 bpa.

- Date: 2021-01-22 · published 2021-01-22T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/48993-looking-ahead-2021-farm-incomes-to-tumble-without-federal-aid
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower farm income without aid could slow farmer spending and marketing, while government payments have supported grain prices. The effect on feed commodity prices is modest.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-10-23 | [Potential Federal Policy Responses to Negative Grain Farm Incomes - farmdoc daily](https://feedsoft.ai/events/27841-potential-federal-policy-responses-to-negative-grain-farm-incomes-farmdoc-daily.md) | -0.6% | +0.9% |
| CORN | 2026-07-22 | [New tariff bailouts balloon federal farm aid to record highs - Farm and Dairy](https://feedsoft.ai/events/18316-new-tariff-bailouts-balloon-federal-farm-aid-to-record-highs-farm-and-dairy.md) | +0.7% | +0.1% |
| CORN | 2020-07-08 | [Farm programs in play as lawmakers look to 2021 \| 2020-07-07  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/52103-farm-programs-in-play-as-lawmakers-look-to-2021-2020-07-07-agri-pulse.md) | -2.3% | -6.6% |
| CORN | 2021-12-20 | [Ahead of the Open \| December 20, 2021 - Pro Farmer](https://feedsoft.ai/events/11532-ahead-of-the-open-december-20-2021-pro-farmer.md) | -2.3% | -2.0% |
| CORN | 2020-11-25 | [Could rising farm payments cause trouble ahead?](https://feedsoft.ai/events/50145-could-rising-farm-payments-cause-trouble-ahead.md) | -1.3% | -2.2% |
| SOY | 2024-10-23 | [Potential Federal Policy Responses to Negative Grain Farm Incomes - farmdoc daily](https://feedsoft.ai/events/27841-potential-federal-policy-responses-to-negative-grain-farm-incomes-farmdoc-daily.md) | -2.7% | +0.7% |
| SOY | 2026-07-22 | [New tariff bailouts balloon federal farm aid to record highs - Farm and Dairy](https://feedsoft.ai/events/18316-new-tariff-bailouts-balloon-federal-farm-aid-to-record-highs-farm-and-dairy.md) | -0.6% | -1.5% |
| SOY | 2020-07-08 | [Farm programs in play as lawmakers look to 2021 \| 2020-07-07  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/52103-farm-programs-in-play-as-lawmakers-look-to-2021-2020-07-07-agri-pulse.md) | -1.5% | -1.3% |

## Sources

- agrinews-pubs.com: https://www.agrinews-pubs.com/business/2021/01/22/looking-ahead-2021-farm-incomes-to-tumble-without-federal-aid/

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