Coronavirus Impacts on Midwestern Row-Crop Agriculture.

Impacts from the coronavirus pandemic have depressed market returns to corn and soybean farmers in the Midwest, extending pressures that have existed since 2013 and worsened by trade disputes with China. Without large ad hoc federal aid, income on Midwestern grain farms would have been quite low and the ongoing cash flow crunch much worse. Farmland prices have not adjusted downward, in part due to continuing ad hoc federal aid, but also because interest rates have been historically very low.