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Tag "crop revenue"

Farm Policy: How Does Ag Economy Look in Fed. Reserve Beige Book Report?

Farm Policy: How Does Ag Economy Look in Fed. Reserve Beige Book Report?

πŸ‘€By Keith Good, Farm Policy News 🕔Apr 21, 2017

On Wednesday, the Federal Reserve Board released its April 2017 Beige Book update, a summary of commentary on current economic conditions by Federal Reserve District. The report included several observations pertaining to the U.S. agricultural economy. * Fifth District- Richmond–

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Illinois Corn: Revenues Below $700 per Acre Possible in 2017

Illinois Corn: Revenues Below $700 per Acre Possible in 2017

πŸ‘€By Gary Schnitkey, University of Illinois 🕔Apr 19, 2017

For farmland having an expected corn yield of 190 bushels per acre, a reasonable expectation of 2017 gross revenue is $741 per acre. Obviously, revenue will vary from the $741 expectation depending on price and yield outcomes. In this article,

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2016 Corn and Soybean Yields – A Historical Perspective

2016 Corn and Soybean Yields – A Historical Perspective

πŸ‘€By Gary Schnitkey, University of Illinois 🕔Mar 15, 2017

The National Agricultural Statistical Service (NASS) recently released 2016 county yields for both corn and soybeans. In this article, maps are produced showing actual 2016 yields minus 2016 trend yields. Examination of these maps shows areas of above trend and

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Central Illinois Corn, Soybeans: Gross Revenue, Income Projections for 2016

Central Illinois Corn, Soybeans: Gross Revenue, Income Projections for 2016

πŸ‘€By Gary Schnitkey, University of Illinois 🕔Nov 29, 2016

With harvest at a close, fairly accurate estimates of yields can be made, leading to more accurate estimates of 2016 gross revenues. Gross revenues and returns for corn and soybeans grown in central Illinois are presented in this article. Compared

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Farming: What’s Happened to Input Costs During Multiple Year Price Declines?

Farming: What’s Happened to Input Costs During Multiple Year Price Declines?

πŸ‘€By Carl Zulauf, Ohio State University, and Gary Schnitkey, University of Illinois 🕔Oct 3, 2016

Introduction Crop input prices are a topic of considerable discussion. Numerous farmdoc daily articles have addressed the topic; most recently September 20, 2016. This article provides another perspective by comparing changes in input prices during the 3 multiple year price

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Illinois: Updated Projections for ’16 Crop Revenue, ’17 Budgets

Illinois: Updated Projections for ’16 Crop Revenue, ’17 Budgets

πŸ‘€By Gary Schnitkey, University of Illinois, farmdocDaily 🕔Sep 28, 2016

Revised projections of 2016 crop returns and 2017 crop budgets have been released. For 2016, soybeans are projected to have record-setting yields, leading to higher soybean returns than in 2015. Given that non-land costs and cash rent cuts have occurred,

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Grain Markets: Comparing Multi-Year Revenue, Price Declines

Grain Markets: Comparing Multi-Year Revenue, Price Declines

πŸ‘€By Jonathan Coppess, Gary Schnitkey, and Nick Paulson, University of Illinois; and Carl Zulauf , Ohio State University 🕔Sep 21, 2016

Introduction Since 1973, crop commodity programs in the farm bill have largely been transformed to policies that make payments to farmers from policies that support and increase market price. Payment was usually triggered by low price, with the goal of

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Soybean Production: How Competitive are the U.S., Argentina, Brazil, and Ukraine?

Soybean Production: How Competitive are the U.S., Argentina, Brazil, and Ukraine?

πŸ‘€By Michael Langemeier, Purdue University 🕔Sep 9, 2016

Examining the competitiveness of soybean production in different regions of the world is often difficult due to lack of comparable data and agreement regarding what needs to be measured. To be useful, international data needs to be expressed in common

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ARC-CO Program: Figuring Out Payments Based on 2016-2017 Crop Illustrations

ARC-CO Program: Figuring Out Payments Based on 2016-2017 Crop Illustrations

πŸ‘€By Gary Schnitkey, Nick Paulson, and Jonathan Coppess, University of Illinois; and Carl Zulauf, Ohio State University 🕔Sep 2, 2016

Introduction Objective of this article is to explain the conditions under which the ARC-CO (Agriculture Risk Coverage – County) crop program makes payments. These conditions are often not well understood. It is common to discuss ARC-CO in terms of price,

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Illinois: Corn, Soybean Revenue Projections for 2016-17

Illinois: Corn, Soybean Revenue Projections for 2016-17

πŸ‘€By Gary Schnitkey, University of Illinois 🕔Aug 2, 2016

While considerable uncertainties still exist, revenue projections for 2016 and 2017 are provided in this article for the average of high-productivity farms located in central Illinois. The 2016 revenue projections provide an indication of whether 2016 will be a better

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