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Tag "farmdocDaily"

Grain Markets: Summer Pricing for Corn and Soybeans

Grain Markets: Summer Pricing for Corn and Soybeans

👤By Todd Hubbs, University of Illinois 🕔May 22, 2017

Recent corn and soybean price declines associated with the political situation in Brazil erased the slight gains since the release of the March 31 Prospective Planting report. The sudden drop gives an indication of the fragility of the current soybean

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Cotton Planting: Generic Base Acres Program is a ‘Disconnect’ for Growers

Cotton Planting: Generic Base Acres Program is a ‘Disconnect’ for Growers

👤By Nick Paulson, Gary Schnitkey, Jonathan Coppess, University of Illinois; and Carl Zulauf, Ohio State University 🕔May 19, 2017

This article continues discussion of cotton support, a key contemporary farm policy issue. Cotton is not a covered commodity under the ARC (Agriculture Risk Coverage) and PLC (Price Loss Coverage) commodity programs enacted in the 2014 farm bill. This decision

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Farm Taxes: The Importance of Estimating Your Deferred Tax Liability

Farm Taxes: The Importance of Estimating Your Deferred Tax Liability

👤By Brandy Krapf, Dwight Raab, Bradley Zwilling, and Bailey Fletcher, University of Illinois 🕔May 19, 2017

Because agriculture producers can use cash accounting for federal and state income tax purposes, there is a recognizable difference between taxable farm income and accrual farm income. These differences can have an immense impact on tax liability, earnings, and net

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2016 Crop Insurance Performance: A Very Low Loss Year – CORRECTION

2016 Crop Insurance Performance: A Very Low Loss Year – CORRECTION

👤By Gary Schnitkey, University of Illinois 🕔May 17, 2017

Editorial Note: This article has been modified from the original version published on May 16, 2017. In the previous version, loss ratios in Figure 1 reported loss ratios for corn rather than for the entire program. Figure 1 has been

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Grain Markets: 2017-18 Prospects for Corn and Soybeans

Grain Markets: 2017-18 Prospects for Corn and Soybeans

👤By Todd Hubbs, University of Illinois 🕔May 15, 2017

In the May 10 WASDE report, the USDA released the first projections for U.S. corn and soybean supply and demand in the 2017-18 marketing year. While the projections on crop production received quite a bit of the focus, the projections

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Livestock: Cattle Finishing Net Returns in 2017 – A Bit Different from a Year Ago

Livestock: Cattle Finishing Net Returns in 2017 – A Bit Different from a Year Ago

👤By Michael Langemeier, Purdue University 🕔May 15, 2017

With the exception of May 2016, monthly fed cattle net returns were negative from December 2014 through November 2016. As noted here, prospects for 2017 appear much brighter. This article discusses prospects for feeding cost of gain, the feeder to

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Cotton: How Effective Is Farm Safety Net Support?

Cotton: How Effective Is Farm Safety Net Support?

👤By Gary Schnitkey, Jonathan Coppess, and Nick Paulson, University of Illinois; and Carl Zulauf, Ohio State University 🕔May 12, 2017

As discussed in several articles over the last year, support for cotton is a key contemporary farm policy issue. These articles have discussed various aspects of the issue but have focused on assistance by the ARC (Agriculture Risk Coverage) and

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Soybeans: What’s Driving the Non-Linear Trend in U.S. Average Yields?

Soybeans: What’s Driving the Non-Linear Trend in U.S. Average Yields?

👤By Scott Irwin, Todd Hubbs, and Darrel Good, University of Illinois 🕔May 11, 2017

In the farmdoc daily articles of April 19, 2017 and May 3, 2017 we began to address the potential reasons behind the observation that U.S. average soybean yields in 2014, 2015, and especially 2016, were well above the long-term linear

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Midwest Corn, Soybeans: Will Late Planting Cause and Acreage Shift?

Midwest Corn, Soybeans: Will Late Planting Cause and Acreage Shift?

👤By Gary Schnitkey, University of Illinois, farmdocDaily 🕔May 10, 2017

Recent wet, cool weather has raised concerns about delays in planting, which could then lead to a switch in planting from corn to soybeans. From an economics standpoint, the decision to switch to soybeans likely will be dictated by how

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Conservation Reserve Program: How Did We Get Here? A Historical Perspective

Conservation Reserve Program: How Did We Get Here? A Historical Perspective

👤By Jonathan Coppess, University of Illinois 🕔May 9, 2017

Congress continues work on the next farm bill and the House Ag Committee recently reviewed conservation programs. A central topic of that hearing, as well as the ongoing discussion about conservation policy, is the Conservation Reserve Program (CRP). This article

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