# After Trump’s payouts are gone, what happens to farmers? | IATP

> An IATP commentary argues that close to $40 billion in 2020 farm payments mask weak market incomes and that these ad hoc payments are expected to end or shrink in 2021. It notes that USDA projects median farm income of $934 in 2020, up from $296 in 2019. Farm debt is forecast to reach a record $433 billion.

- Date: 2020-11-13 · published 2020-11-13T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/50143-after-trump-s-payouts-are-gone-what-happens-to-farmers-iatp
- 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

If payments fall off in 2021, financial stress could reduce planting or lead to forced sales, which could tighten feed grain supply over time.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-07-14 | [‘Here’s your check’: Trump’s massive payouts to farmers will be hard to pull back - POLITICO](https://feedsoft.ai/events/52099-here-s-your-check-trump-s-massive-payouts-to-farmers-will-be-hard-to-pull-back.md) | -1.1% | -3.2% |
| 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 | 2024-08-09 | [What a Trump or Harris Presidency Will Mean for Farmers and Eaters - Modern Farmer](https://feedsoft.ai/events/28775-what-a-trump-or-harris-presidency-will-mean-for-farmers-and-eaters-modern-farmer.md) | -0.9% | +2.5% |
| CORN | 2026-05-04 | [Where Has Farmer Assistance Dollars Gone?](https://feedsoft.ai/events/19224-where-has-farmer-assistance-dollars-gone.md) | -1.4% | -1.5% |
| CORN | 2025-10-30 | [Q&A: What's next for the Farm Bill? \| IATP](https://feedsoft.ai/events/22380-q-and-a-what-s-next-for-the-farm-bill-iatp.md) | +0.0% | +1.7% |
| SOY | 2020-07-14 | [‘Here’s your check’: Trump’s massive payouts to farmers will be hard to pull back - POLITICO](https://feedsoft.ai/events/52099-here-s-your-check-trump-s-massive-payouts-to-farmers-will-be-hard-to-pull-back.md) | +3.0% | +0.0% |
| 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 | 2024-08-09 | [What a Trump or Harris Presidency Will Mean for Farmers and Eaters - Modern Farmer](https://feedsoft.ai/events/28775-what-a-trump-or-harris-presidency-will-mean-for-farmers-and-eaters-modern-farmer.md) | -5.8% | -2.0% |

## Sources

- iatp.org: https://www.iatp.org/blog/202011/after-trumps-payouts-are-gone-what-happens-farmers

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