# Aaron Smith

> An economics article notes US government farm aid is expected to reach $37.2 billion in 2020, well above recent averages. Most of the 2020 aid runs through CFAP1 and CFAP2, mainly to corn, soybean and cattle producers.

- Date: 2020-10-21 · published 2020-10-21T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/50630-aaron-smith
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Large payments support farm incomes and can keep production going despite low prices, which is a bearish factor for corn and soy prices over time.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- LCATTLE: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-06-16 | [Soyoil around 18-month highs, grains fall on good crop weather](https://feedsoft.ai/events/5344-soyoil-around-18-month-highs-grains-fall-on-good-crop-weather.md) | -2.9% | -5.7% |
| CORN | 2025-04-01 | [Don’t mess with Mexico’s maíz: Constitutional amendment to ban GMO corn seeds](https://feedsoft.ai/events/25529-don-t-mess-with-mexico-s-maiz-constitutional-amendment-to-ban-gmo-corn-seeds.md) | +1.0% | +2.2% |
| CORN | 2019-08-09 | [EPA Announces Biofuel and Small Refinery Exemption Priorities \| US EPA](https://feedsoft.ai/events/57447-epa-announces-biofuel-and-small-refinery-exemption-priorities-us-epa.md) | -7.7% | -8.0% |
| CORN | 2022-08-17 | [Analysis-As economy wilts, Argentina's Massa seeks to sow hope with farm chiefs \| Euronews](https://feedsoft.ai/events/14016-analysis-as-economy-wilts-argentina-s-massa-seeks-to-sow-hope-with-farm-chiefs.md) | +0.3% | +3.8% |
| CORN | 2023-05-31 | [Pesticide, biotech industry meet with still no US action on Mexico  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/35908-pesticide-biotech-industry-meet-with-still-no-us-action-on-mexico-agri-pulse.md) | -1.8% | +0.1% |
| SOY | 2025-05-15 | [Soybeans Collapse on Thursday with RVO Rumors and Bean Oil Limit Losses](https://feedsoft.ai/events/24782-soybeans-collapse-on-thursday-with-rvo-rumors-and-bean-oil-limit-losses.md) | -0.4% | -2.3% |
| SOY | 2017-09-27 | [EPA announces smaller biodiesel production - soybean](https://feedsoft.ai/events/69029-epa-announces-smaller-biodiesel-production-soybean.md) | -0.9% | +1.2% |
| SOY | 2024-03-13 | [EU attempts to smooth South American complaints over deforestation policy](https://feedsoft.ai/events/31222-eu-attempts-to-smooth-south-american-complaints-over-deforestation-policy.md) | +0.3% | -1.5% |

## Sources

- asmith.ucdavis.edu: https://asmith.ucdavis.edu/news/farm-support

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