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The USDA Economic Research Service reports that US farm sector net cash income is expected to fall 35 percent between 2013 and 2016 from record highs. Federal payments, including disaster and commodity programs, are estimated at about $13 billion in 2016.
The article also says farm household median income remains above the US average.
Lower farm incomes can reduce producers' cash for inputs and storage, and government payments cushion that effect. The report describes past conditions and is unlikely to move grain or feed prices directly.
ers.usda.govAug 7, 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.
