# Trump's payments to farmers hit all-time high ahead of election

> Payments to US farmers reached an all-time high ahead of the election. China's purchases of US farm goods remain below the $36.5 billion Phase 1 target, though increased corn and soybean buying has helped lift prices.

- Date: 2020-10-19 · published 2020-10-19T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/50501-trump-s-payments-to-farmers-hit-all-time-high-ahead-of-election
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Government payments support farm income and sustained acreage, while the shortfall against the China target leaves demand uncertain for corn and soybeans.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-01-07 | [IFES 2020: Post-Election Farm Policy Outlook After Three Years of Ad Hoc Payments - farmdoc daily](https://feedsoft.ai/events/49111-ifes-2020-post-election-farm-policy-outlook-after-three-years-of-ad-hoc.md) | +5.6% | +13.4% |
| CORN | 2018-12-17 | [Agriculture Dept. launches 2nd round of payments to farmers \| AP News](https://feedsoft.ai/events/61570-agriculture-dept-launches-2nd-round-of-payments-to-farmers-ap-news.md) | +0.4% | +0.3% |
| CORN | 2026-01-01 | [Trump unveils $12 billion aid package for farmers hit by trade war](https://feedsoft.ai/events/21484-trump-unveils-12-billion-aid-package-for-farmers-hit-by-trade-war.md) | +0.6% | -0.9% |
| CORN | 2020-08-26 | [Wheeler didn’t promise RFS action ahead of elections](https://feedsoft.ai/events/51486-wheeler-didn-t-promise-rfs-action-ahead-of-elections.md) | +1.5% | +7.0% |
| CORN | 2025-10-01 | [Trump says he'll use tariff revenue to bail out farmers](https://feedsoft.ai/events/22849-trump-says-he-ll-use-tariff-revenue-to-bail-out-farmers.md) | +1.4% | +2.3% |
| SOY | 2021-01-07 | [IFES 2020: Post-Election Farm Policy Outlook After Three Years of Ad Hoc Payments - farmdoc daily](https://feedsoft.ai/events/49111-ifes-2020-post-election-farm-policy-outlook-after-three-years-of-ad-hoc.md) | +3.4% | +0.5% |
| SOY | 2018-08-27 | [Trump offers trade aid to farmers, but some question its fairness - POLITICO](https://feedsoft.ai/events/63523-trump-offers-trade-aid-to-farmers-but-some-question-its-fairness-politico.md) | -1.1% | -0.1% |
| SOY | 2018-12-17 | [Agriculture Dept. launches 2nd round of payments to farmers \| AP News](https://feedsoft.ai/events/61570-agriculture-dept-launches-2nd-round-of-payments-to-farmers-ap-news.md) | -1.7% | -0.8% |

## Sources

- reuters.com: https://www.reuters.com/article/business/trumps-payments-to-farmers-hit-all-time-high-ahead-of-election-idUSKBN2741D3/

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