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A Kansas State extension economist describes the 2018 farm bill as largely a status quo bill, with commodity programs ARC and PLC kept largely unchanged. Crop insurance is now the largest farm-title spending item and may be a target for budget cuts.
The article is an explainer on program structure.
Policy debate over crop insurance and commodity support could affect farm risk management and planting decisions over time. There is no immediate price impact.
hpj.comKylene ScottJan 31, 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.
