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A USDA Economic Research Service report found large farms with $1 million or more in gross cash farm income received 41 percent of farm program payments in 2015, up from 23 percent in 1991. Conservation payments and crop insurance subsidies have grown as a share of total payments, while commodity program payments fell to 43 percent.
The shift in payment distribution is a farm bill talking point, and it does not change near-term supply or prices for feed commodities.
agri-pulse.comSpencer ChaseDec 6, 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.
