# New USDA Records Show Trade Bailout and Coronavirus Payments Went to the Largest Farms

> An EWG analysis of USDA records found that the largest farms received the biggest share of almost $33 billion in MFP and CFAP payments. The top 1% of farms received 16% of MFP payments, averaging $524,689 per farm.

- Date: 2020-10-01 · published 2020-10-01T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/51106-new-usda-records-show-trade-bailout-and-coronavirus-payments-went-to-the
- 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

The analysis focuses on how existing payments were distributed and does not alter production or demand. It has no meaningful direct effect on feed grain prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-09-16 | [Biggest trade bailout payments went to Southern farms, GAO finds - POLITICO](https://feedsoft.ai/events/51104-biggest-trade-bailout-payments-went-to-southern-farms-gao-finds-politico.md) | +1.1% | +4.7% |
| CORN | 2023-11-09 | [Surprise USDA corn yield upgrade leads to record-large corn crop](https://feedsoft.ai/events/33116-surprise-usda-corn-yield-upgrade-leads-to-record-large-corn-crop.md) | -1.5% | -1.0% |
| CORN | 2021-07-25 | [Trump bailout \| Food and Environment Reporting Network](https://feedsoft.ai/events/46057-trump-bailout-food-and-environment-reporting-network.md) | -0.5% | -2.0% |
| CORN | 2024-08-13 | [USDA Projects Record Soybean, Corn Yields - Farm Policy News](https://feedsoft.ai/events/10469-usda-projects-record-soybean-corn-yields-farm-policy-news.md) | -1.2% | +0.1% |
| CORN | 2023-11-09 | [USDA surprises trade with latest report \| The Western Producer](https://feedsoft.ai/events/33115-usda-surprises-trade-with-latest-report-the-western-producer.md) | -1.5% | -1.0% |
| SOY | 2020-09-16 | [Biggest trade bailout payments went to Southern farms, GAO finds - POLITICO](https://feedsoft.ai/events/51104-biggest-trade-bailout-payments-went-to-southern-farms-gao-finds-politico.md) | +2.8% | +5.3% |
| SOY | 2023-11-09 | [Surprise USDA corn yield upgrade leads to record-large corn crop](https://feedsoft.ai/events/33116-surprise-usda-corn-yield-upgrade-leads-to-record-large-corn-crop.md) | +2.7% | -2.8% |
| SOY | 2021-07-25 | [Trump bailout \| Food and Environment Reporting Network](https://feedsoft.ai/events/46057-trump-bailout-food-and-environment-reporting-network.md) | +1.0% | -7.7% |

## Sources

- ewg.org: https://www.ewg.org/news-insights/news/new-usda-records-show-trade-bailout-and-coronavirus-payments-went-largest-farms

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