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COVID-19 and Support to Agricultural Producers: the Case of the United States

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Joseph Glauber
POLICY SEMINAR
Virtual Event - The political economy of COVID-19: Impacts on agriculture and food policies
OCT 22, 2020 - 08:30 AM TO 10:00 AM EDT

Published in: Government & Nonprofit
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COVID-19 and Support to Agricultural Producers: the Case of the United States

  1. 1. COVID-19 and Support to Agricultural Producers The Case of the United States Joseph W. Glauber Senior Research Fellow, MTID International Food Policy Research Institute Washington, DC | 22 October 2020
  2. 2. US Coronavirus Food Assistance Program Commodity CFAP11 CFAP2 Total Million USD Livestock 4,963 3,650 8,613 Dairy 1,762 1,340 3,102 Non-specialty 2,637 6,050 8,687 Specialty 784 1,890 2,674 Other 111 280 391 Total 10,258 13,210 23,468 1Payments as of 18 October 2020
  3. 3. Prices for most commodities have climbed back to pre-COVID levels
  4. 4. US Aggregate Measurement of Support 0 5 10 15 20 25 30 35 40 45 50 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018e 2019f 2020f Bil USD Source: Glauber 2020
  5. 5. Trade Distorting Subsidies Relative to Value of Production 0 2 4 6 8 10 12 Corn Wheat Soybeans Rice Cotton Sorghum CFAP MFP ARC/PLC/MAL Crop insurance 19.6% 41.7% 61.3% 38.3% 22.5% 29.7% Bil USD

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