# Government farm supports help producers for now

> 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.

- Date: 2020-09-10 · published 2020-09-10T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/51109-government-farm-supports-help-producers-for-now
- 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

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.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-07-26 | [Government Support for Agriculture to Decline in ’21 \| Red River Farm Network](https://feedsoft.ai/events/46062-government-support-for-agriculture-to-decline-in-21-red-river-farm-network.md) | -0.5% | -2.0% |
| CORN | 2021-09-30 | [U.S. Farmers Produced More Soybeans, Hold More Stocks, USDA Reports](https://feedsoft.ai/events/45037-u-s-farmers-produced-more-soybeans-hold-more-stocks-usda-reports.md) | +0.3% | +2.8% |
| CORN | 2017-12-17 | [Recent USDA-ERS Reports: Farm Structure (2017), and Evolving Distribution of Government Farm Payments (1991-2015) - Farm Policy News](https://feedsoft.ai/events/67459-recent-usda-ers-reports-farm-structure-2017-and-evolving-distribution-of.md) | +0.8% | +0.0% |
| CORN | 2016-12-01 | [Red River Valley harvest produces high yields that ease low crop prices, weather woes for some farmers - Grand Forks Herald \| Grand Forks, East Grand Forks news, weather & sports](https://feedsoft.ai/events/73332-red-river-valley-harvest-produces-high-yields-that-ease-low-crop-prices-weather.md) | +3.9% | +2.9% |
| CORN | 2018-06-25 | [Holy Hens - WI Egg Production's Up - Mid-West Farm Report](https://feedsoft.ai/events/64534-holy-hens-wi-egg-production-s-up-mid-west-farm-report.md) | -1.1% | -3.7% |
| SOY | 2021-07-26 | [Government Support for Agriculture to Decline in ’21 \| Red River Farm Network](https://feedsoft.ai/events/46062-government-support-for-agriculture-to-decline-in-21-red-river-farm-network.md) | +1.0% | -7.7% |
| SOY | 2021-09-30 | [U.S. Farmers Produced More Soybeans, Hold More Stocks, USDA Reports](https://feedsoft.ai/events/45037-u-s-farmers-produced-more-soybeans-hold-more-stocks-usda-reports.md) | -3.3% | -3.5% |
| SOY | 2017-10-15 | [Positive news in terms of supply and demand for Australian canola producers in USDA report \| Farm Online \| ACT](https://feedsoft.ai/events/68582-positive-news-in-terms-of-supply-and-demand-for-australian-canola-producers-in.md) | -2.1% | -2.3% |

## Sources

- farmprogress.com: https://www.farmprogress.com/farm-operations/government-farm-supports-help-producers-for-now

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