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Tag "Gary Schnitkey"

Cotton, Dairy: Policy Changes – A Bargain for the Government?

Cotton, Dairy: Policy Changes – A Bargain for the Government?

👤By Gary Schnitkey, Jonathan Coppess, and Nick Paulson, University of Illinois; and Carl Zulauf, Ohio State University 🕔Jan 15, 2018

At this juncture in the debate over the next farm bill, two of the most discussed issues are what to do with commodity policy for cotton and dairy. Key considerations are the costs associated with enhancing the dairy safety net

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Cotton Seed Proposal May Have Unforeseen Consequences

Cotton Seed Proposal May Have Unforeseen Consequences

👤By Nick Paulson, Jonathan Coppess, and Gary Schnitkey, University of Illinois Ag Economists; and Carl Zulauf, Ohio State University Ag Economist 🕔Jan 12, 2018

Congress is attempting to reach an agreement on funding the government for the remainder of fiscal year 2018; a short-term continuing resolution passed just before the holidays expires on January 19, 2018. Congress is also considering an emergency appropriations bill

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Illinois Soybeans: Has Crop Insurance Proved Worth the Cost?

Illinois Soybeans: Has Crop Insurance Proved Worth the Cost?

👤By Gary Schnitkey, University of Illinois Ag Economist 🕔Jan 10, 2018

Conversations with farmers suggest that some are considering lowering coverage levels or eliminating crop insurance on soybeans. Doing so would conserve cash and many farmers note that they have received few payments on soybean policies. Herein, loss performance on soybean

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Farm Business: 7 Crops Show a Declining Cost of Production

Farm Business: 7 Crops Show a Declining Cost of Production

👤By Nick Paulson, Jonathan Coppess, and Gary Schnitkey, University of Illinois Ag Economists; and Carl Zulauf, Ohio State University Ag Economist 🕔Dec 15, 2017

In a July 25, 2017 farmdoc daily article, Schnitkey discussed declining cost of production for Illinois corn and soybeans. This article extends the discussion to the U.S. and to barley, peanuts, rice, sorghum, and wheat. Total cost per acre declined

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Illinois: How Has Crop Acreage Shifted Since 1996?

Illinois: How Has Crop Acreage Shifted Since 1996?

👤By Gary Schnitkey, University of Illinois Ag Economist 🕔Dec 13, 2017

Since 2012, acres in the U.S. have been shifting out of corn and into soybeans, likely as a result of higher returns for soybeans than for corn. The longer termed trends since 1996 have been increases in corn and soybean

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Crop Insurance per Acre Coverage: Historical Experience and Potential Issues

Crop Insurance per Acre Coverage: Historical Experience and Potential Issues

👤By Gary Schnitkey, Jonathan Coppess, Nick Paulson,University of Illinois Ag Economists; and Carl Zulauf, Ohio State University Ag Economist 🕔Dec 8, 2017

A long standing goal of U.S. crop insurance policy has been to increase the share of production it covers. Over time, both the numbers of acres insured and coverage levels have increased, leading to more coverage of production. Moreover, the

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Illinois Farm Business: Capital Purchases Down? Expect More Tax Liability.

Illinois Farm Business: Capital Purchases Down? Expect More Tax Liability.

👤By Gary Schnitkey, Bradley Zwilling, University of Illinois Ag Economists 🕔Dec 6, 2017

Many Illinois grain farmers have reduced capital purchases in recent years, with prospects for further cuts in 2017 and future years. Overall, reducing capital purchases is a prudent step in times of low grain farm returns. Reducing capital purchases, however,

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Farm Safety Net: Projected and Harvest Prices in 2017

Farm Safety Net: Projected and Harvest Prices in 2017

👤By Gary Schnitkey, University of Illinois Ag Economist 🕔Nov 29, 2017

Harvest prices are key variables for determining payments on crop insurance contracts. In Midwestern states, 2017 harvest prices are $3.49 per bushel for corn and $9.75 per bushel for soybeans. Both the corn and soybean harvest prices are below projected

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Farm Bill: Tax Legislation and the Specter of Sequestration

Farm Bill: Tax Legislation and the Specter of Sequestration

👤By Jonathan Coppess, Gary Schnitkey, and Nick Paulson, University of Illinois Ag Economists; and Carl Zulauf, Ohio State University Ag Economist 🕔Nov 24, 2017

A recent analysis by the Congressional Budget Office (CBO) has raised concerns about the potential impact the Congressional tax bills could have on farm programs and the farm bill. In short, the concern raised is that if the tax bills

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Illinois: Farm Income Forecast Lower Than 2016 but Better Than Expected

Illinois: Farm Income Forecast Lower Than 2016 but Better Than Expected

👤By Gary Schnitkey, University of Illinois Ag Economist 🕔Nov 22, 2017

Average net income on Illinois grain farms is forecast at around $60,000 per farm in 2017. This forecast is for a composite of grain farms enrolled in Illinois Farm Business Farm Management (FBFM). In 2016, these farms had an average

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