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Congressman Kevin Cramer defends the 2014 Farm Bill's commodity title, saying it saves about $16 billion versus extending prior law and that crop insurance outlays are down $9 billion from CBO estimates. He says net farm income has fallen 42 percent in three years.
The op-ed defends existing farm programs and cites foreign subsidies and trade barriers, but it describes no new policy change that would move feed prices.
farmpolicyfacts.orgFarm Policy FactsNov 14, 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.
