# Biden administration policy decisions will directly affect 2021 US farm economy | An official publication of Michigan Farm Bureau

> The American Farm Bureau Federation economist said the incoming Biden administration's China policy, including the Phase One deal, is the key uncertainty for agriculture. Pandemic recovery, ad hoc aid, a 2023 farm bill and climate policy were also flagged as unresolved.

- Date: 2021-01-14 · published 2021-01-14T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/49113-biden-administration-policy-decisions-will-directly-affect-2021-us-farm-economy
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Uncertainty over China purchase commitments keeps a risk premium on US soybeans and corn, so any clarity on Phase One could move export-linked feed prices.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-04-04 | [AFBF to Biden: Push Indo-Pacific trade to boost ag exports \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/41828-afbf-to-biden-push-indo-pacific-trade-to-boost-ag-exports-an-official.md) | +6.7% | +5.8% |
| SOY | 2021-01-21 | [Biden administration: New trade policy ahead](https://feedsoft.ai/events/49116-biden-administration-new-trade-policy-ahead.md) | +0.4% | +0.4% |
| SOY | 2021-11-02 | [Trade and US Agriculture: What to Expect from the Biden Administration \| American Enterprise Institute - AEI](https://feedsoft.ai/events/44032-trade-and-us-agriculture-what-to-expect-from-the-biden-administration-american.md) | -4.8% | -1.6% |
| SOY | 2024-04-14 | [Washington Week Ahead: Biden trade policy gets Hill scrutiny \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/30722-washington-week-ahead-biden-trade-policy-gets-hill-scrutiny-agri-pulse.md) | -2.0% | +2.6% |
| SOY | 2020-01-09 | [China and MFP Tranche 3 \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/55062-china-and-mfp-tranche-3-farm-bureau-intel-markets-american-farm-bureau.md) | -1.0% | -6.1% |
| CORN | 2022-04-04 | [AFBF to Biden: Push Indo-Pacific trade to boost ag exports \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/41828-afbf-to-biden-push-indo-pacific-trade-to-boost-ag-exports-an-official.md) | +5.4% | -0.7% |
| CORN | 2021-01-21 | [Biden administration: New trade policy ahead](https://feedsoft.ai/events/49116-biden-administration-new-trade-policy-ahead.md) | +3.8% | +2.7% |
| CORN | 2021-11-02 | [Trade and US Agriculture: What to Expect from the Biden Administration \| American Enterprise Institute - AEI](https://feedsoft.ai/events/44032-trade-and-us-agriculture-what-to-expect-from-the-biden-administration-american.md) | +0.2% | -2.5% |

## Sources

- michiganfarmnews.com: https://www.michiganfarmnews.com/biden-administration-policy-decisions-will-directly-affect-2021-us-farm-economy

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