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Cottonseed as a Covered Commodity – Review of Senate Ag Appropriations Bill

Cottonseed as a Covered Commodity – Review of Senate Ag Appropriations Bill

👤By Nick Paulson, Gary Schnitkey, Jonathan Coppess, University of Illinois Ag Economists; and Carl Zulauf, Ohio State University, Ag Economist 🕔Sep 13, 2017

As the farm bill debate continues to pick up speed, cotton remains one of the most prominent issues. The most recent development can be found in the Senate Agriculture Appropriations bill (S.1603), which contains a provision directing the Secretary of

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Crop Insurance: Should Users of Revenue Protection Add Margin Protection?

Crop Insurance: Should Users of Revenue Protection Add Margin Protection?

👤By Gary Schnitkey, University of Illinois Ag Economist; and Carl Zulauf, Ohio State University Ag Economist 🕔Sep 13, 2017

Farmers have until September 30 to determine whether to purchase Margin Protection, a new crop insurance product that provides payments when a harvest revenue-cost margin is below a guarantee set based on an expected revenue-cost margin (see farmdoc daily, September 8, 2017). Users

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Illinois Corn, Soybeans: New Margin Protection Insurance – Should You Switch?

Illinois Corn, Soybeans: New Margin Protection Insurance – Should You Switch?

👤By Gary Schnitkey, University of Illinois Ag Economist 🕔Sep 11, 2017

Margin Protection is a new insurance product available for insuring corn and soybeans in Illinois. Some farmers may find Margin Protection beneficial. Farmers who purchase Area Risk Protection (ARP) may find switching to Margin Protection attractive if they want to

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Illinois: Increasing Property Taxes Impact Land Owner Returns and Equilibrium Land Values

Illinois: Increasing Property Taxes Impact Land Owner Returns and Equilibrium Land Values

👤By Gary Schnitkey, University of Illinois Department of Agricultural and Consumer Economics 🕔Aug 31, 2017

Since 2008, per acre property taxes in Illinois have increased substantially. These increases lower returns to farmland owners and magnify the losses associated with lowering cash rents. If per acre property taxes have reached a permanently higher level, equilibrium farmland

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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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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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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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Corn Production: Variability in County Yields – 2012 to 2016

Corn Production: Variability in County Yields – 2012 to 2016

👤By Gary Schnitkey, University of Illinois Ag Economist 🕔Aug 2, 2017

Focus soon will turn to 2017 yield estimates as USDA will release their first estimates of national and state yields on August 10th. In preparation for this release, national corn yields from 1972 to 2016 are shown in this article.

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Farm Bill 2018: Assessing the Pulse of the Next Debate

Farm Bill 2018: Assessing the Pulse of the Next Debate

👤By Carl Zulauf, Gary Schnitkey, and David Orden, University of Illinois Ag Economists 🕔Jul 28, 2017

Thirteen agricultural economists put together short papers describing issues that will surface during the writing of the next farm bill. For each issue, the author describes the “policy setting” and details “farm bill issues” that likely will arise during negotiations.

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Illinois: 2018 Crop Budgets – More of the Same

Illinois: 2018 Crop Budgets – More of the Same

👤By Gary Schnitkey, University of Illinois Ag Economist 🕔Jul 26, 2017

Crop budgets for 2018 now are available on farmdoc. In addition, 2017 crop budgets have been revised and 2016 returns and costs have been updated. Overall, 2018 budgets suggest more of the same economic conditions that have occurred since 2013.

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