# Farmers to Get up to $250,000 Each in Coronavirus Cash, With More Possible

> Farmers can receive direct payments of up to $250,000 each under the new $16 billion aid program, to offset an estimated 20% drop in farm income in 2020. The government will also spend $3 billion buying fruit, vegetables, dairy and meat for donation to food banks.

- Date: 2020-04-20 · published 2020-04-20T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/53628-farmers-to-get-up-to-250-000-each-in-coronavirus-cash-with-more-possible
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Direct aid helps producers hold on to livestock and acreage, while the purchases add demand for dairy and meat that have seen sharp price drops.

## Read by commodity

- HOGS: bullish ▲
- MILK: bullish ▲
- CHICKEN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2020-04-17 | [USDA Announces Coronavirus Food Assistance Program \| USDA](https://feedsoft.ai/events/53623-usda-announces-coronavirus-food-assistance-program-usda.md) | -1.6% | -6.9% |
| MILK | 2018-07-25 | [Farmers prefer Trump do trade deals than hand them cash \| Tyler Morning Telegraph](https://feedsoft.ai/events/6572-farmers-prefer-trump-do-trade-deals-than-hand-them-cash-tyler-morning-telegraph.md) | -0.6% | +5.7% |
| MILK | 2022-01-07 | [The Farmer's Exchange Online Dairy Economist: 2022 Should Be Profitable for Milk Producers](https://feedsoft.ai/events/4074-the-farmer-s-exchange-online-dairy-economist-2022-should-be-profitable-for-milk.md) | -0.4% | +1.4% |
| MILK | 2017-02-23 | [Farm Bill needs more money, not less - Brownfield Ag News](https://feedsoft.ai/events/72472-farm-bill-needs-more-money-not-less-brownfield-ag-news.md) | +0.2% | -6.6% |
| MILK | 2019-10-28 | [USDA purchases $50 million in fluid milk](https://feedsoft.ai/events/4106-usda-purchases-50-million-in-fluid-milk.md) | +8.1% | +9.1% |
| HOGS | 2021-06-30 | [Now With Too Many Pigs, China Moves to Prop Up Pork Prices - Caixin Global](https://feedsoft.ai/events/46557-now-with-too-many-pigs-china-moves-to-prop-up-pork-prices-caixin-global.md) | +0.4% | -0.5% |
| HOGS | 2020-04-17 | [USDA Announces Coronavirus Food Assistance Program \| USDA](https://feedsoft.ai/events/53623-usda-announces-coronavirus-food-assistance-program-usda.md) | +23.4% | +62.0% |
| HOGS | 2018-07-25 | [Farmers prefer Trump do trade deals than hand them cash \| Tyler Morning Telegraph](https://feedsoft.ai/events/6572-farmers-prefer-trump-do-trade-deals-than-hand-them-cash-tyler-morning-telegraph.md) | -6.3% | -20.5% |

## Sources

- agriculture.com: https://www.agriculture.com/news/business/farmers-to-get-up-to-250000-each-in-coronavirus-cash-with-more-possible

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