# GAO: Higher payment limits for 2019 MFP added $519M | 2020-09-14  | Agri-Pulse Communications, Inc.

> A GAO report found that raising the 2019 MFP payment limit from $125,000 to $250,000 added $519 million in payments to large farms. About 10,000 farms, or 1.3% of recipients, benefited, with Texas receiving the largest share.

- Date: 2020-09-14 · published 2020-09-14T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/51107-gao-higher-payment-limits-for-2019-mfp-added-519m-2020-09-14-agri-pulse
- 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 findings concern the distribution of past trade-aid payments and do not change current crop supply or demand. The price impact is minimal.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-08-30 | [Trade mitigation payments boost farm income \| 2019-08-30  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/57599-trade-mitigation-payments-boost-farm-income-2019-08-30-agri-pulse.md) | -2.4% | +1.4% |
| CORN | 2019-05-10 | [Article Headline \| 2019-05-10 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/59045-article-headline-2019-05-10-agri-pulse-agri-pulse-communications-inc.md) | +5.8% | +12.3% |
| CORN | 2023-05-31 | [USDA lowers ag trade forecast for FY 2023 \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/5571-usda-lowers-ag-trade-forecast-for-fy-2023-agri-pulse-communications-inc.md) | -1.8% | +0.1% |
| CORN | 2019-11-08 | [Nation's corn crop is shrinking \| 2019-11-08  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/56017-nation-s-corn-crop-is-shrinking-2019-11-08-agri-pulse-communications-inc.md) | +0.0% | -0.3% |
| CORN | 2021-03-09 | [Corn, soy, wheat ending stocks hold steady for March \| 2021-03-09  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/48068-corn-soy-wheat-ending-stocks-hold-steady-for-march-2021-03-09-agri-pulse.md) | -10.3% | -1.3% |
| SOY | 2019-08-30 | [Trade mitigation payments boost farm income \| 2019-08-30  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/57599-trade-mitigation-payments-boost-farm-income-2019-08-30-agri-pulse.md) | -1.3% | +3.1% |
| SOY | 2019-05-10 | [Article Headline \| 2019-05-10 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/59045-article-headline-2019-05-10-agri-pulse-agri-pulse-communications-inc.md) | +4.9% | +7.0% |
| SOY | 2023-05-31 | [USDA lowers ag trade forecast for FY 2023 \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/5571-usda-lowers-ag-trade-forecast-for-fy-2023-agri-pulse-communications-inc.md) | +4.4% | +11.9% |

## Sources

- agri-pulse.com: https://www.agri-pulse.com/articles/14469-gao-higher-payment-limits-for-2019-mfp-added-519m

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