Straining the alphabet soup: Post-election farm policy outlook after three years of ad hoc farm payments
December 11, 2020 at 11:00 am - 12:00 pm CST
We consider both the short- and medium-run outlook for US farm policy following the 2020 election. We provide an updated review of three years and four rounds of ad hoc farm payments, including an analysis of payment distribution and program design for the Market Facilitation Program (MFP) and Coronavirus Food Assistance Programs (CFAP). We discuss what the perceived need for ad hoc assistance says about standing farm programs such as Agricultural Risk Coverage (ARC) and Price Loss Coverage (PLC) and the implications for future coronavirus-related relief and the prospective 2023 Farm Bill.