COVID-19 Relief Programs Have Kept U.S. Farm Income High but Shortchanged California Producers. Smith, A. Agricultural and Resource Economics Update, 2021. ![COVID-19 Relief Programs Have Kept U.S. Farm Income High but Shortchanged California Producers [link]](https://bibbase.org/img/filetypes/link.svg "link")
Paper abstract bibtex Since 1950, the only years with higher real net farm income than 2020 were 1973–74 and 2011–14. This high income was facilitated by two waves of COVID-19 relief payments totaling 23.8 billion dollars. A third wave is set to occur in 2021. Most of these payments were determined by seemingly arbitrary formulas and were only weakly tied to pandemic-induced losses. Corn, soybeans, cattle, and milk are the four largest value commodities in the country and they received a disproportionately large share of payments. Specialty crops and dairy, which California specializes in, received some support, but much less as a percent of gross farm income. Congress has allocated a further 13 billion dollars to farmers for COVID-19 relief, most of which is slated to go to the major row crops, livestock, and biofuels.
@misc{smith2021covid,
title={COVID-19 Relief Programs Have Kept U.S. Farm Income High but Shortchanged California Producers},
author={Smith, Aaron},
howpublished={Agricultural and Resource Economics Update},
volume={24},
number={3},
pages={5-8},
abstract={Since 1950, the only years with higher real net farm income than 2020 were 1973–74 and 2011–14. This high income was facilitated by two waves of COVID-19 relief payments totaling 23.8 billion dollars. A third wave is set to occur in 2021. Most of these payments were determined by seemingly arbitrary formulas and were only weakly tied to pandemic-induced losses. Corn, soybeans, cattle, and milk are the four largest value commodities in the country and they received a disproportionately large share of payments. Specialty crops and dairy, which California specializes in, received some support, but much less as a percent of gross farm income. Congress has allocated a further 13 billion dollars to farmers for COVID-19 relief, most of which is slated to go to the major row crops, livestock, and biofuels.},
url={https://giannini.ucop.edu/filer/file/1613691580/19988/},
year={2021}
}
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