Source: MORNING AG CLIPS, 9/28/20

Editor’s note: The following commentary was written by Allen Williams, Ph.D., Understanding Ag, LLC.

Recent articles have left me scratching my head about the state of U.S. farm economics, especially looking at conflicting titles like, “Farm Income to Hit 7-Year High, Thanks to Record-Setting Aid” and “Farm Cash Receipts Forecasted to Hit a Decade-Low in 2020.”  However, in a closer look, it actually makes sense.  The COVID pandemic has precipitated one of the largest stopgap farm support payments ever seen, known as the Coronavirus Food Assistance Program (CFAP).  Payments in 2020 are expected to total more than $37 billion to farmers and ranchers.  

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