Impact of COVID-19 on Agriculture

COVID-19 Takes Toll on Agriculture Rebound

News / In The News August 20, 2020

“At the outset, we thought 2020 was going to be a race between supply and demand,” AFBF Chief Economist John Newton said. “And if demand accelerates as we hoped it would, we thought we’d finally see commodity prices turn a corner.” 

But, COVID-19 hit, and as SeedWorld reports, it threw a wrench into some of the hopes of a better economic outlook. 

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The decision by House lawmakers to include a reimbursement of the Commodity Credit Corporation (CCC) in the continuing resolution demonstrates their support for America’s farmers. The measure passed tonight and will now go to the Senate. Funds from the CCC support farm programs ranging from conservation to risk management. The CCC was dangerously close to running out of funds, which would have effectively shut down the farm safety net.

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The passing of Justice Ruth Bader Ginsburg will have an immediate impact on the 2020 presidential election by adding another unique element to a campaign that is anything but ordinary.

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