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USDA's Economic Research Service released a report on farm structure showing family farms made up 98.8 percent of farms and 90 percent of production in 2016. A companion ERS report showed large farms received 41 percent of farm program payments in 2015, up from 23 percent in 1991.
These structural findings are background for farm bill debates over payment limits and do not directly move feed grain or meal prices.
farmpolicynews.illinois.eduKeith GoodDec 17, 2017After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% over 20.
After 2,447 past report events, Wheat (SRW) moved a median +0.0% over 5 sessions (51% higher; middle half -1.5% to +1.8%), 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.
