Agriculture economist David Widmar says the latest Market Facilitation Program
outlay results in direct farm payments being higher than in recent memory, but not
at record levels. Widmar, the co-founder of Ag Economic Insights, tells Brownfield
MFP 2.0 payments bring early estimates for 2019 federal farm payments to about $21
billion.
“If we were to go back to the late 90s, early 2000s, or the farm financial
crisis of the 1980s, we were much higher; more than $30 billion in 2019 terms,”
Widmar told Brownfield Ag News Thursday.
Continue reading Federal farm payments are high, but not a record at Brownfield Ag News.
