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The American Farm Bureau Federation reports that the second round of Market Facilitation Program payments will reach producers in late November or early December. Payments are based on planted acres, ranging from $15 to $150 per acre at the county level, with a $15 per-acre cover crop add-on.
USDA data shows $6.8 billion paid so far.
Acreage-based payments may influence planting decisions and provide income support that slows farm selling. The effect on commodity prices is small.
fb.orgJohn Newton, Ph.D.Nov 12, 2019After 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.
