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Taxpayers for Common Sense criticizes federal crop subsidies, citing crop insurance costs of about $8.5 billion a year and higher-than-expected ARC and PLC payments. It warns that some groups are seeking additional subsidies in the next farm bill.
This is an advocacy commentary on subsidy spending with no new policy action, so it has no direct implication for feed commodity prices.
taxpayer.netTCSNov 23, 2016After 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.
