# Drain the Swamp or Drain the Farm Safety Net?

> A DTN column reports that a Wall Street Journal column called for cutting farm aid, citing a CBO projection of about $19 billion in farm program outlays for 2017. It also notes that USDA forecasts net farm income of $66.9 billion in 2016, down 46% from 2013.

- Date: 2016-12-12 · published 2016-12-12T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/73469-drain-the-swamp-or-drain-the-farm-safety-net
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower farm incomes and possible future cuts in aid could influence producer planting and financial decisions over time, but the effect on near-term feed prices is limited.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-06-06 | [Expanding the farm income safety net](https://feedsoft.ai/events/58577-expanding-the-farm-income-safety-net.md) | +2.8% | +4.2% |
| CORN | 2017-08-16 | [Farm Bill Primer: The Farm Safety Net - EveryCRSReport.com](https://feedsoft.ai/events/69431-farm-bill-primer-the-farm-safety-net-everycrsreport-com.md) | -2.4% | -4.2% |
| CORN | 2024-03-20 | [Farm Bill Is Safety Net in an Uncertain Ag World](https://feedsoft.ai/events/31190-farm-bill-is-safety-net-in-an-uncertain-ag-world.md) | -2.3% | -6.8% |
| CORN | 2024-02-20 | [New report sheds light on problems with the farm safety net – Farm Aid](https://feedsoft.ai/events/31657-new-report-sheds-light-on-problems-with-the-farm-safety-net-farm-aid.md) | -2.7% | +4.7% |
| CORN | 2023-05-25 | [Cuts to the Farm Safety Net Hurt Farmers, Food Security - Farm Policy Facts](https://feedsoft.ai/events/35931-cuts-to-the-farm-safety-net-hurt-farmers-food-security-farm-policy-facts.md) | -4.4% | +1.4% |
| SOY | 2019-06-06 | [Expanding the farm income safety net](https://feedsoft.ai/events/58577-expanding-the-farm-income-safety-net.md) | +0.9% | +1.8% |
| SOY | 2017-08-16 | [Farm Bill Primer: The Farm Safety Net - EveryCRSReport.com](https://feedsoft.ai/events/69431-farm-bill-primer-the-farm-safety-net-everycrsreport-com.md) | +1.3% | +3.4% |
| SOY | 2024-03-20 | [Farm Bill Is Safety Net in an Uncertain Ag World](https://feedsoft.ai/events/31190-farm-bill-is-safety-net-in-an-uncertain-ag-world.md) | +1.1% | -3.0% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/ag-policy-blog/blog-post/2016/12/12/drain-swamp-drain-farm-safety-net-2

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