Loading…
House Agriculture Chairman K. Michael Conaway opened the February 6 hearing with Secretary Perdue on the rural economy.
He said the sector has seen the steepest decline in net farm income since the Great Depression and cited tax reform and regulatory relief as helpful steps.
Political framing of farm hardship signals likely support for farm aid and farm bill spending, which sustains producer finances and production levels. It has no direct immediate price effect.
agriculture.house.govFeb 6, 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, SOY 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 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.
