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An NDSU economist argues that farm programs exist to reduce producers' risk from random losses, and reviews the history of farm bills since 1933. The piece frames the debate over whether new farm policy is needed.
It is an opinion and background piece on policy design with no new supply or demand change, so it has no direct price implication for feed markets.
agnews890.comTodd IngstadJun 18, 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.
