# Farm subsidies are stifling free trade - R Street Institute

> An R Street Institute commentary argues US farm subsidies, which cost about $15 billion a year, distort trade and hinder market access. It cites the scrapped TPP and the administration's plan to renegotiate NAFTA, and notes US farm exports to Canada and Mexico rose to $39 billion in 2015.

- Date: 2017-07-14 · published 2017-07-14T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/69938-farm-subsidies-are-stifling-free-trade-r-street-institute
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

The piece is opinion on trade and subsidy policy, and NAFTA renegotiation risk to Mexican and Canadian export demand is a longer-term consideration rather than a current price driver.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-02-06 | [Sorghum farmers are the first victims in growing trade dispute between China and the U.S.](https://feedsoft.ai/events/66555-sorghum-farmers-are-the-first-victims-in-growing-trade-dispute-between-china.md) | +1.3% | +3.3% |
| CORN | 2018-05-23 | [U.S.-China trade row sows confusion in farmer planting plans](https://feedsoft.ai/events/64914-u-s-china-trade-row-sows-confusion-in-farmer-planting-plans.md) | -0.5% | -8.5% |
| CORN | 2022-08-18 | [Farmers’ voices continue to reiterate ag trade issues](https://feedsoft.ai/events/40023-farmers-voices-continue-to-reiterate-ag-trade-issues.md) | +0.4% | +3.4% |
| CORN | 2024-07-18 | [Trade Policy Also Important in Next Farm Bill](https://feedsoft.ai/events/29256-trade-policy-also-important-in-next-farm-bill.md) | +2.4% | -0.9% |
| CORN | 2021-11-02 | [Trade and US Agriculture: What to Expect from the Biden Administration \| American Enterprise Institute - AEI](https://feedsoft.ai/events/44032-trade-and-us-agriculture-what-to-expect-from-the-biden-administration-american.md) | +0.2% | -2.5% |
| SOY | 2018-05-23 | [U.S.-China trade row sows confusion in farmer planting plans](https://feedsoft.ai/events/64914-u-s-china-trade-row-sows-confusion-in-farmer-planting-plans.md) | -0.7% | -13.7% |
| SOY | 2019-02-22 | [U.S. Farmers Receive $7.7 Billion in Trade Aid to Date: USDA - Business Insider](https://feedsoft.ai/events/60600-u-s-farmers-receive-7-7-billion-in-trade-aid-to-date-usda-business-insider.md) | -1.5% | -0.1% |
| SOY | 2022-08-18 | [Farmers’ voices continue to reiterate ag trade issues](https://feedsoft.ai/events/40023-farmers-voices-continue-to-reiterate-ag-trade-issues.md) | +5.8% | -1.6% |

## Sources

- rstreet.org: https://www.rstreet.org/commentary/farm-subsidies-are-stifling-free-trade/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.