# Most trade war relief aid bypassed small & medium farms - 60 Minutes - CBS News

> 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.

- Date: 2020-05-03 · published 2020-05-03T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/53122-most-trade-war-relief-aid-bypassed-small-and-medium-farms-60-minutes-cbs-news
- 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

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.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-09-13 | [Trump trade-war aid sows frustration in farm country \| Reuters](https://feedsoft.ai/events/57079-trump-trade-war-aid-sows-frustration-in-farm-country-reuters.md) | +3.9% | +5.5% |
| CORN | 2018-12-31 | [Farm bill passage brings needed relief](https://feedsoft.ai/events/61576-farm-bill-passage-brings-needed-relief.md) | +1.7% | +2.2% |
| CORN | 2024-11-19 | [Farm Measures Would Limit Trump’s Bailout Money in a Trade War](https://feedsoft.ai/events/27378-farm-measures-would-limit-trump-s-bailout-money-in-a-trade-war.md) | -2.1% | +2.1% |
| CORN | 2018-11-19 | [A $12 Billion Program to Help Farmers Stung by Trump’s Trade War Has Aided Few - The New York Times](https://feedsoft.ai/events/62028-a-12-billion-program-to-help-farmers-stung-by-trump-s-trade-war-has-aided-few.md) | -1.4% | +8.5% |
| CORN | 2018-11-28 | [Penny for your corn? Stingy trade-war aid irks U.S. farmers](https://feedsoft.ai/events/62029-penny-for-your-corn-stingy-trade-war-aid-irks-u-s-farmers.md) | +8.7% | +9.1% |
| SOY | 2019-09-13 | [Trump trade-war aid sows frustration in farm country \| Reuters](https://feedsoft.ai/events/57079-trump-trade-war-aid-sows-frustration-in-farm-country-reuters.md) | +1.1% | +4.6% |
| SOY | 2018-12-31 | [Farm bill passage brings needed relief](https://feedsoft.ai/events/61576-farm-bill-passage-brings-needed-relief.md) | +3.3% | +4.1% |
| SOY | 2024-11-19 | [Farm Measures Would Limit Trump’s Bailout Money in a Trade War](https://feedsoft.ai/events/27378-farm-measures-would-limit-trump-s-bailout-money-in-a-trade-war.md) | -2.4% | -3.3% |

## Sources

- cbsnews.com: https://www.cbsnews.com/news/most-trade-war-relief-aid-bypassed-small-medium-farms-60-minutes-2020-05-03/

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