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A CRS report explains USDA's CFAP-1 program, a $16 billion direct payment program for producers hit by commodity price declines and COVID-19 supply disruptions. The payments are funded by CARES Act spending and CCC authority, and the rule was released May 19, 2020.
Direct payments support farm incomes and can keep acreage and output steady despite weak prices, which limits the supply response that would otherwise tighten feed grain markets.
everycrsreport.comJun 4, 2020After 439 past neutral policy events, CORN moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.
After 554 past neutral policy events, SOY moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.
After 137 past neutral policy events, WHEAT moved a median -0.4% over 5 sessions (43% higher; middle half -1.9% to +1.2%), and +0.3% 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.
