Federal farm payments are high, but not a record

Federal farm payments are high, but not a record

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.

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