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The Agricultural and Applied Economics Association issued a press release on a Applied Economic Perspectives and Policy paper by Janzen and Hendricks comparing Market Facilitation Program payment rates with estimated price declines. The release says the gap between payments and price losses is larger for cotton, sorghum and wheat than for soybeans.
It also notes Congress allocated another $14 billion to the CCC in March for COVID-19 losses.
The analysis shows that trade aid varied widely by crop, which shapes how farmers respond to planting and marketing decisions. The direct price effect on feed grains is small.
prweb.comAgricultural, Applied Economics Association (AAEAMay 7, 2020Not enough comparable past events yet for a historical read.
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.
