# Twenty-Four Miles of Bad Spending, Bad Policy, Bad Ideas - Farm & Food File

> An opinion column opposes a congressional proposal to raise the USDA Commodity Credit Corporation's annual spending authority from $30 billion to $68 billion. It notes the CCC has exceeded its limit only under the Trump administration's trade aid payments.

- Date: 2020-08-27 · published 2020-08-27T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/51607-twenty-four-miles-of-bad-spending-bad-policy-bad-ideas-farm-and-food-file
- 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

A higher CCC spending cap would give USDA more room to fund farm aid and trade-related payments, which could sustain production. The proposal is still pending, so its price effect is small for now.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-08-01 | [Ad Hoc Payments: A Leading Indicator of Farm Policy Change](https://feedsoft.ai/events/52100-ad-hoc-payments-a-leading-indicator-of-farm-policy-change.md) | -1.4% | +7.2% |
| CORN | 2020-08-24 | [What's the future of farm policy?](https://feedsoft.ai/events/51608-what-s-the-future-of-farm-policy.md) | +3.3% | +11.5% |
| CORN | 2024-05-21 | [What They’re Saying: The Farm, Food, and National Security Act of 2024 - Farm Policy Facts](https://feedsoft.ai/events/30235-what-they-re-saying-the-farm-food-and-national-security-act-of-2024-farm-policy.md) | +3.2% | +3.0% |
| CORN | 2024-09-05 | [Where’s the latest farm bill? Follow the proposed spending for clues • Missouri Independent](https://feedsoft.ai/events/28295-where-s-the-latest-farm-bill-follow-the-proposed-spending-for-clues-missouri.md) | -2.1% | +4.5% |
| CORN | 2022-02-23 | [Policy Pennings: New farm bill in 2023? Some principles to consider](https://feedsoft.ai/events/42699-policy-pennings-new-farm-bill-in-2023-some-principles-to-consider.md) | +7.5% | +12.7% |
| SOY | 2020-08-01 | [Ad Hoc Payments: A Leading Indicator of Farm Policy Change](https://feedsoft.ai/events/52100-ad-hoc-payments-a-leading-indicator-of-farm-policy-change.md) | -3.0% | +5.9% |
| SOY | 2020-08-24 | [What's the future of farm policy?](https://feedsoft.ai/events/51608-what-s-the-future-of-farm-policy.md) | +5.5% | +13.5% |
| SOY | 2024-05-21 | [What They’re Saying: The Farm, Food, and National Security Act of 2024 - Farm Policy Facts](https://feedsoft.ai/events/30235-what-they-re-saying-the-farm-food-and-national-security-act-of-2024-farm-policy.md) | -1.5% | -5.9% |

## Sources

- farmandfoodfile.com: https://farmandfoodfile.com/2020/08/27/twenty-four-miles-of-bad-spending-bad-policy-bad-ideas/

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