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Tag "farmdocDaily"

Illinois Farm Income Hurt by Negative Cash Rent Returns Since 2014

Illinois Farm Income Hurt by Negative Cash Rent Returns Since 2014

👤By Gary Schnitkey, University of Illinois Ag Economist 🕔Aug 23, 2017

In recent years, many farmers have had positive incomes. However, cash rented farmland may not have been contributing to those positive net incomes. At average cash rent levels, cash rented farmland has reduced farmer net incomes in 2014 and 2015.

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Grain Markets: Assessing the Prospects for 2017 Corn Production

Grain Markets: Assessing the Prospects for 2017 Corn Production

👤By Todd Hubbs, University of Illinois Ag Economist 🕔Aug 21, 2017

The August Crop Production report surprised many market observers by forecasting 2017 corn production at 14.153 billion bushels. In particular, the corn yield forecast of 169.5 bushels per acre came under scrutiny due to higher than expected yield forecasts in

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Renewable Fuels Standard Court Decision Adds Clarity but Lacks Gallons

Renewable Fuels Standard Court Decision Adds Clarity but Lacks Gallons

👤By Jonathan Coppess, University of Illinois Ag Economist 🕔Aug 21, 2017

On July 28, 2017, the U.S. Court of Appeals for the D.C. Circuit handed issued its decision in the lawsuit over EPA’s interpretation of the Renewable Fuels Standard (RFS) and its waiver authority (Americans for Clean Energy v. EPA, 2017

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Biomass-Based Biodiesel Prices: How Much Does Policy Matter?

Biomass-Based Biodiesel Prices: How Much Does Policy Matter?

👤By Scott Irwin and Darrel Good, University of Illinois Ag Economists 🕔Aug 18, 2017

Introduction Biomass-based diesel, which includes both biodiesel and renewable diesel, plays a critical role in compliance with RFS mandates. Since 2013, biomass-based diesel (BBD) has been the “marginal gallon” for complying not only with the advanced mandate but also the

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Illinois: Forecast of 2017 Net Income on Grain Farms

Illinois: Forecast of 2017 Net Income on Grain Farms

👤By Gary Schnitkey, University of Illinois Ag Economist 🕔Aug 16, 2017

Net incomes on Illinois grain farms are forecast for 2017 using recently released yield estimates by U.S.D.A. (see Crop Production and 2017 prices projected by University of Illinois economists during an August 11, 2017 webinar). Forecast 2017 net incomes are down from 2016

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Farmland Values, 2017: Details for Using USDA Indexing Tools

Farmland Values, 2017: Details for Using USDA Indexing Tools

👤By Bruce Sherrick, University of Illinois Ag Economist 🕔Aug 14, 2017

Each year, the USDA provides extensive data related to farmland values, rental rates, and other indicators of economic performance by county, state, type of agriculture and other meaningful categorizations of agricultural activity. These data are among the most heavily utilized

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Grain Markets: Corn and Soybean Yield Forecasts Larger Than Expected

Grain Markets: Corn and Soybean Yield Forecasts Larger Than Expected

👤By Todd Hubbs, University of Illinois Ag Economist 🕔Aug 14, 2017

The USDA’s August Crop Production report contained larger than expected forecasts for the 2017 U.S. corn and soybean crops. At 169.5 bushels per acre and 49.4 bushels per acre respectively, the corn and soybean yields came in above trade expectations.

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Illinois: Farm Real Estate Values Decrease for 3rd Straight Year

Illinois: Farm Real Estate Values Decrease for 3rd Straight Year

👤By Bradley Zwilling, University of Illinois Ag Economist 🕔Aug 11, 2017

Each year the National Agricultural Statistics Service of the USDA releases estimated average farm real estate values by state. The estimates are based on surveys of farmers from selected geographical areas. The surveys follow strict statistical guidelines. Estimated values maybe

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Illinois Farmland Rents: 2017 State Values and 2018 Outlook

Illinois Farmland Rents: 2017 State Values and 2018 Outlook

👤By Gary Schnitkey, University of Illinois Department of Agricultural and Consumer Economics 🕔Aug 8, 2017

The National Agricultural Statistical Service (NASS), an agency of the U.S. Department of Agriculture, released 2017 cash rents and land values for major agricultural producing states. For Illinois, the 2017 cash rent was $218 per acre, down by $3 per

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Grain Markets: Strong Export Demand in 2016-17; Will It Last?

Grain Markets: Strong Export Demand in 2016-17; Will It Last?

👤By Todd Hubbs, University of Illinois Ag Economist 🕔Aug 7, 2017

While market observers focus on the changing outlook for corn and soybean yields brought on by the shift in weather patterns over the last few weeks, export markets continue to reveal consumption information relevant to price formation during the current

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