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Tag "farmdocDaily"

Ag Trade: Direct and Indirect Corn Exports

Ag Trade: Direct and Indirect Corn Exports

👤By Nick Paulson, Kathy Baylis, Jonathan Coppess, and Gary Schnitkey, University of Illinois 🕔Mar 24, 2017

Trade continues to occupy a prominent place in current political and policy debates. While the larger trade debate involves many complex aspects, farmers focus on exports of the major commodities such as corn. As discussed previously, the U.S. is the

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U.S. Corn Acres Down, Soybean Acres Up – Taking a Closer Look

U.S. Corn Acres Down, Soybean Acres Up – Taking a Closer Look

👤By Gary Schnitkey, University of Illinois 🕔Mar 24, 2017

At its annual Agricultural Outlook Conference in February, USDA projected that planted acres of corn would decrease from 94.0 million acres in 2016 to 90.0 million in 2017, a decrease of 4 million planted acres. At the same time, soybean

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Illinois: Farm Machinery Values, Then and Now

Illinois: Farm Machinery Values, Then and Now

👤By Bradley Zwilling, Dwight Raab and Brandy Krapf, University of Illinois 🕔Mar 21, 2017

This article reviews machinery values from a group of Illinois grain farms at two points in time. Total machinery value and machinery value per acre are reviewed from periods that are ten years different in time. The two accompanying charts

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Grain Markets: Anticipating March 31 Soybean Stocks Estimate

Grain Markets: Anticipating March 31 Soybean Stocks Estimate

👤By Todd Hubbs, University of Illinois 🕔Mar 20, 2017

On March 31, the USDA will release the quarterly Grain Stocks report, with estimates of crop inventories as of March 1, and the annual Prospective Plantings report. For soybeans, the stocks estimate is typically overshadowed by the estimate of planting

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Farm Bill History: Budgets, Boll Weevils, and the 1981 Farm Bill

Farm Bill History: Budgets, Boll Weevils, and the 1981 Farm Bill

👤By Jonathan Coppess, Univeristy of Illinois 🕔Mar 17, 2017

The second in this series reviewing farm bill history looks for lessons in the 1981 Farm Bill debate. It took place in the early stages of what became the second great farm economic crisis which consumed much of the 1980s.

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2016 Corn and Soybean Yields – A Historical Perspective

2016 Corn and Soybean Yields – A Historical Perspective

👤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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Corn, Soybeans: Large South American Crop Forecasts Place Pressure on Prices

Corn, Soybeans: Large South American Crop Forecasts Place Pressure on Prices

👤By Todd Hubbs, University of Illinois 🕔Mar 13, 2017

Corn and soybean harvest future prices moved sharply lower after the release of the USDA March World Agricultural Supply and Demand Estimates report on March 9. December corn futures closed on March 10 at $3.87 per bushel, while November soybean

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ARC-CO and PLC Payments: Taking a Look Back, Comparing 2014 and 2015

ARC-CO and PLC Payments: Taking a Look Back, Comparing 2014 and 2015

👤By Nick Paulson, Gary Schnitkey, Jonathan Coppess, University of Illinois; and Carl Zulauf, Ohio State University 🕔Mar 10, 2017

Debate has begun on the next farm bill. A key debate item will be the safety net programs in the commodities title. Roughly 99% of base acres of covered commodities are enrolled in the ARC-CO (Agriculture Risk Coverage -County) and

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Corn, Soybeans: Using the Soybean-to-Corn Price Ratio to Predict March Planting Intentions

Corn, Soybeans: Using the Soybean-to-Corn Price Ratio to Predict March Planting Intentions

👤By Todd Hubbs and Darrel Good, University of Illinois 🕔Mar 8, 2017

The magnitude of U.S. planted acreage of corn and soybeans will be important in determining prices for both crops during the 2017-18 marketing year. Projections of planted acreage are currently in an unusually wide range. The wide range reflects uncertainty

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Farm Programs: The Federal Safety Net for 2017

Farm Programs: The Federal Safety Net for 2017

👤By Gary Schnitkey, University of Illinois 🕔Mar 8, 2017

The two Federal safety net program providing risk protection to crop farmers are crop insurance and the commodity title of the farm bill, with commodity title payments coming through Agricultural Risk Coverage (ARC) and Price Loss Coverage (PLC) programs. Crop

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