# Federal checks salvage otherwise dreadful 2020 for US farms | AP News

> US farmers are expected to receive $46.5 billion in government payments, the largest direct-to-farm payment ever, excluding USDA loans and crop insurance indemnities. The total includes $32.4 billion in pandemic relief and Paycheck Protection Program payments.

- Date: 2020-12-31 · published 2020-12-31T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/49632-federal-checks-salvage-otherwise-dreadful-2020-for-us-farms-ap-news
- 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

Large government payments support farm incomes and can keep production decisions steady despite weak market prices, with limited direct effect on feed commodity prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-12-21 | [Federal watchdog: Trump's USDA overpaid corn farmers by $3B \| AP News](https://feedsoft.ai/events/43580-federal-watchdog-trump-s-usda-overpaid-corn-farmers-by-3b-ap-news.md) | +1.4% | +3.1% |
| 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 | 2019-07-29 | [Federal Register
       :: 
      Renewable Fuel Standard Program: Standards for 2020 and Biomass-Based Diesel Volume for 2021, Response to the Remand of the 2016 Standards, and Other Changes](https://feedsoft.ai/events/57954-federal-register-renewable-fuel-standard-program-standards-for-2020-and-biomass.md) | -0.6% | -10.6% |
| CORN | 2021-01-20 | [Mexican GMO corn phase-out a concern for US farmers - Brownfield Ag News](https://feedsoft.ai/events/49125-mexican-gmo-corn-phase-out-a-concern-for-us-farmers-brownfield-ag-news.md) | +3.1% | +2.1% |
| CORN | 2021-01-19 | [Federal Register
       :: 
      Notice of Receipt of Petitions for a Waiver of the 2019 and 2020 Renewable Fuel Standards](https://feedsoft.ai/events/49015-federal-register-notice-of-receipt-of-petitions-for-a-waiver-of-the-2019-and.md) | +0.0% | +0.0% |
| SOY | 2021-12-21 | [Federal watchdog: Trump's USDA overpaid corn farmers by $3B \| AP News](https://feedsoft.ai/events/43580-federal-watchdog-trump-s-usda-overpaid-corn-farmers-by-3b-ap-news.md) | +5.2% | +7.7% |
| SOY | 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) | -0.8% | -3.1% |
| SOY | 2018-11-30 | [EPA Finalizes RFS Volumes for 2019 and Biomass Based Diesel Volumes for 2020 \| U.S. EPA News Releases \| US EPA](https://feedsoft.ai/events/61899-epa-finalizes-rfs-volumes-for-2019-and-biomass-based-diesel-volumes-for-2020-u.md) | +3.3% | -0.5% |

## Sources

- apnews.com: https://apnews.com/article/global-trade-iowa-coronavirus-pandemic-financial-markets-weather-193e2a32e52e00d15afeb4cb6316fdcd

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