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A University of Illinois analysis shows Illinois farm returns have only reached breakeven since 2014 once federal aid is included. It says ad-hoc payments in 2018-19 and expected in 2020 are needed to cover land costs, and returns would fall short in 2021 without them.
Dependence on federal aid suggests farm profitability and planting decisions could shift if payments end, which affects future feed grain and soybean supply. The article is commentary on policy outlook with no immediate price move.
farmprogress.comJanet Kubat Willette E-Content EditorAug 24, 2020After 1,623 past policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.4% to +1.5%), and +0.4% over 20.
After 1,905 past policy events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.2% over 20.
After 1,019 past policy events, Wheat (SRW) moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.5%), 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.
