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University of Illinois and Ohio State economists analyze the Market Facilitation Program, estimating average 2018 payments in Illinois at $53 per acre for soybeans, $1 per acre for corn and $5 per acre for wheat. Federal spending on the program is estimated at $4.6 billion, with payments based on per-bushel rates on 2018 production.
Per-acre payments are large for soybeans but small for corn, which tilts the support toward soybean income and leaves corn exposed to weaker prices if export demand does not recover.
origin.farmdocdaily.illinois.eduMark AlthouseSep 1, 2018After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.
After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% 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.
