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USDA Economic Research Service projects 2020 net farm income at $103 billion, up from $84 billion in 2019. Government payments to producers are projected to exceed $37 billion, more than one-third of net farm income and the highest share since 2001.
Heavy reliance on government payments suggests farm income is supported by policy rather than market prices, which could tighten producer finances if ad hoc aid ends. Market price effects on feed are indirect.
farmprogress.comBrad LubbenSep 10, 2020After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% over 20.
After 2,447 past report events, Wheat (SRW) moved a median +0.0% over 5 sessions (51% higher; middle half -1.5% to +1.8%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
