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A 60 Minutes segment reported that most of the $28 billion trade war bailout bypassed small and medium farms, because payment rules let extended family members collect under the $250,000 cap. Senator Chuck Grassley said he supports aid to farmers but opposes that provision.
The USDA ran the Market Facilitation Program in 2018 using Commodity Credit Corporation funds, without congressional oversight.
Aid distribution affects farm income and planting incentives but has little direct effect on feed grain or oilseed prices. Any change to payment rules could alter future farm support levels.
cbsnews.comKeith ZubrowMay 3, 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.
