# More Government Money on the Way for Kentucky Farmers | Agricultural Economics

> A University of Kentucky extension article reports that the $900 billion COVID stimulus package includes $13 billion for agriculture and $13 billion for food assistance. USDA also announced CFAP 2.1 payments of up to $2.3 billion, with a third CFAP round planned for 2021.

- Date: 2021-01-28 · published 2021-01-28T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/49117-more-government-money-on-the-way-for-kentucky-farmers-agricultural-economics
- 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

Additional farm payments support producer cash flow and may slow forced selling, but the amounts are modest relative to the market and unlikely to move feed grain prices much.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-11-15 | [Economists Offer Insight for the 2018 US Farm Bill \| Agricultural and Resource Economics](https://feedsoft.ai/events/67958-economists-offer-insight-for-the-2018-us-farm-bill-agricultural-and-resource.md) | +1.1% | +4.1% |
| CORN | 2019-11-08 | [Perdue: More trade aid for farmers on the way - POLITICO](https://feedsoft.ai/events/56047-perdue-more-trade-aid-for-farmers-on-the-way-politico.md) | +0.0% | -0.3% |
| CORN | 2024-01-30 | [Farm Bill Update – January 2024 \| Agricultural Economics](https://feedsoft.ai/events/32088-farm-bill-update-january-2024-agricultural-economics.md) | -2.5% | -6.5% |
| CORN | 2020-02-24 | [The 2020 Outlook for U.S. Agriculture From USDA’s Chief Economist - Farm Policy News](https://feedsoft.ai/events/54630-the-2020-outlook-for-u-s-agriculture-from-usda-s-chief-economist-farm-policy.md) | -2.5% | -5.2% |
| CORN | 2023-06-12 | [Is the Pendulum Swinging on Ad Hoc Direct Payments? - Agricultural Economic Insights](https://feedsoft.ai/events/35472-is-the-pendulum-swinging-on-ad-hoc-direct-payments-agricultural-economic.md) | +6.8% | -3.2% |
| SOY | 2017-11-15 | [Economists Offer Insight for the 2018 US Farm Bill \| Agricultural and Resource Economics](https://feedsoft.ai/events/67958-economists-offer-insight-for-the-2018-us-farm-bill-agricultural-and-resource.md) | +3.1% | +2.1% |
| SOY | 2019-11-08 | [Perdue: More trade aid for farmers on the way - POLITICO](https://feedsoft.ai/events/56047-perdue-more-trade-aid-for-farmers-on-the-way-politico.md) | -2.7% | -3.8% |
| SOY | 2024-01-30 | [Farm Bill Update – January 2024 \| Agricultural Economics](https://feedsoft.ai/events/32088-farm-bill-update-january-2024-agricultural-economics.md) | +0.2% | -5.3% |

## Sources

- agecon.mgcafe.uky.edu: https://agecon.mgcafe.uky.edu/more-government-money-way-kentucky-farmers

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