# IFES 2020: Post-Election Farm Policy Outlook After Three Years of Ad Hoc Payments - farmdoc daily

> University of Illinois economists summarized farm policy after three years of ad hoc payments, estimating direct farm payments in 2020 at about $46 billion, the highest on record. They tied these programs to the US-China trade war and the pandemic.

- Date: 2021-01-07 · published 2021-01-07T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/49111-ifes-2020-post-election-farm-policy-outlook-after-three-years-of-ad-hoc
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Large government payments have supported farm income and cushioned producers' selling pressure, but a future shift away from ad hoc aid could affect planting and marketing decisions for corn and soybeans.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-01-05 | [IFES 2017: Farm Policy Review and Outlook for the 2018 Farm Bill - farmdoc daily](https://feedsoft.ai/events/66971-ifes-2017-farm-policy-review-and-outlook-for-the-2018-farm-bill-farmdoc-daily.md) | -0.4% | +2.4% |
| CORN | 2020-10-19 | [Trump's payments to farmers hit all-time high ahead of election](https://feedsoft.ai/events/50501-trump-s-payments-to-farmers-hit-all-time-high-ahead-of-election.md) | +2.7% | +2.6% |
| CORN | 2022-02-09 | [Behind the Hot Year for Biofuels M&A: 2021 Review and Outlook  : The Daily Digest](https://feedsoft.ai/events/42710-behind-the-hot-year-for-biofuels-m-and-a-2021-review-and-outlook-the-daily.md) | +0.5% | +15.2% |
| CORN | 2025-01-28 | [The 2025 Farm Bill What-If Tool - farmdoc daily](https://feedsoft.ai/events/26504-the-2025-farm-bill-what-if-tool-farmdoc-daily.md) | +0.7% | -0.3% |
| CORN | 2022-01-13 | [Trade and trade policy outlook, 2022](https://feedsoft.ai/events/14966-trade-and-trade-policy-outlook-2022.md) | -1.3% | +5.3% |
| SOY | 2018-01-05 | [IFES 2017: Farm Policy Review and Outlook for the 2018 Farm Bill - farmdoc daily](https://feedsoft.ai/events/66971-ifes-2017-farm-policy-review-and-outlook-for-the-2018-farm-bill-farmdoc-daily.md) | -2.0% | +2.0% |
| SOY | 2020-10-19 | [Trump's payments to farmers hit all-time high ahead of election](https://feedsoft.ai/events/50501-trump-s-payments-to-farmers-hit-all-time-high-ahead-of-election.md) | +3.2% | +8.7% |
| SOY | 2021-04-29 | [Case for Ad Hoc Assistance in the Presence of Commodity Programs: MFP 2018 - farmdoc daily](https://feedsoft.ai/events/47578-case-for-ad-hoc-assistance-in-the-presence-of-commodity-programs-mfp-2018.md) | +1.6% | -3.5% |

## Sources

- farmdocdaily.illinois.edu: https://farmdocdaily.illinois.edu/2021/01/ifes-2020-post-election-farm-policy-outlook-after-three-years-of-ad-hoc-payments.html

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