As the partial government shutdown enters day six, the majority of USDA isn't disrupted yet. If the standoff between the White House and Congress persists, it could impact the timing of the tariff aid relief from USDA.
With poor crop conditions and a record amount of prevent plant weighing on farmers' balance sheets in 2019, one economist thinks MFP 2.0 may not be enough to get net farm income back to a level needed for some stability.
With the phase one trade deal with China official, farmers are expecting more positive momentum in the markets. However, they shouldn’t expect an extension of the MFP, according to USDA Secretary Sonny Perdue.