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Ohio Rep. Bob Gibbs met farmers at Ashland University to discuss the 2018 Farm Bill.
Dairy farmers criticized the Margin Protection Program, saying premiums exceed payouts, and House Agriculture Chairman Conaway aims to finish the bill early next year.
Criticism of the Margin Protection Program could lead to changes in dairy support payments. The direct impact on milk prices is limited at this stage.
farmanddairy.comCatie NoyesSep 22, 2017After 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.
