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A Heritage Foundation commentary argues the House Agriculture Committee's farm bill keeps the status quo on subsidies and rejects Trump budget proposals to cut crop insurance premium subsidies. It says the Trump budget would reduce taxpayers' share of premiums from 62% to 48%.
If premium subsidies stay high, farmers keep more crop insurance coverage, which supports planting and limits the supply response to any price changes.
heritage.orgDaren BakstMay 7, 2018After 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.
