The Latest

Upcoming Events


Send press releases to Ernst@Agfax.com.

View All Events


Send press releases to Ernst@Agfax.com.

View All Events

Back to homepage

Tag "Gary Schnitkey"

Farm Safety Net: Analysis of the ARC-CO Payment Cap for Corn, Soybeans, and Wheat

Farm Safety Net: Analysis of the ARC-CO Payment Cap for Corn, Soybeans, and Wheat

👤By Nick Paulson, Gary Schnitkey, and Jonathan Coppess, University of Illinois Ag Economists; and Carl Zulauf, Ohio State University Ag Economist 🕔Nov 17, 2017

Revenue losses driven primarily by low commodity prices in 2014, 2015, and 2016 have triggered ARC-CO payments on corn, soybean, and wheat base in counties across the country. Where payments have been triggered, the level of those payments has varied

Read Full Article
Illinois Fertilizer: Nitrogen Prices, Costs Lower for 2018

Illinois Fertilizer: Nitrogen Prices, Costs Lower for 2018

👤By Gary Schnitkey, University of Illinois Ag Economist 🕔Nov 15, 2017

Nitrogen fertilizer prices are averaging lower now than in any time since September 2008. These lower prices could translate into roughly a $10 per acre saving in nitrogen fertilizer for the coming 2018 production year. Further savings may be possible

Read Full Article
Farm Bill Options: What About Blending ARC and PLC Programs? – Commentary

Farm Bill Options: What About Blending ARC and PLC Programs? – Commentary

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

The 2014 farm bill required farms to choose between ARC (Agriculture Risk Coverage) and PLC (Price Loss Coverage). While overlap in payments can occur, ARC and PLC have different design components that suggest they are not substitute programs. This suggestion

Read Full Article
Illinois Farmland: Cash Rent Based on Land Productivity Index

Illinois Farmland: Cash Rent Based on Land Productivity Index

👤By Gary Schnitkey, University of Illinois Ag Economist 🕔Nov 8, 2017

Individuals often desire to arrive at an average cash rent given a farm’s inherent productivity. Herein, a method is presented for determining a 2017 benchmark rent based on that parcel’s productivity index. Given the variability in rents, a parcel’s actual

Read Full Article
Midwest Corn: Comparing NASS and RMA County Yields

Midwest Corn: Comparing NASS and RMA County Yields

👤By Gary Schnitkey, Nick Paulson, Jonathan Coppess, University of Illinois Ag Economists; and Carl Zulauf, Ohio State University Ag Economist 🕔Nov 3, 2017

Controversy has surrounded determination of ARC-CO (Agriculture Risk Coverage county) yields. One component of this controversy is the difference in the county yields determined by NASS (National Agricultural Statistics Service) and RMA (Risk Management Agency), both U.S. Department of Agriculture

Read Full Article
Illinois: Corn and Soybean Crop Revenue – Narrowing the Gap

Illinois: Corn and Soybean Crop Revenue – Narrowing the Gap

👤By Gary Schnitkey, University of Illinois Ag Economist 🕔Nov 1, 2017

On average in Illinois, soybeans have been more profitable than corn since 2014 (farmdoc daily, July 25, 2017), an unusual situation given that Illinois is in the heart of the Corn Belt. Both costs and revenue from the two crops contribute

Read Full Article
Crop Insurance: Harvest Price Option – Historical Assessment

Crop Insurance: Harvest Price Option – Historical Assessment

👤By Gary Schnitkey, Jonathan Coppess, Nick Paulson,University of Illinois Ag Economists; and Carl Zulauf, Ohio State University Ag Economist 🕔Oct 27, 2017

HPO (harvest price option) crop insurance is popular with farmers but there have been several attempts to eliminate public subsidies for it. This article assesses HPO’s historical performance in terms of its design mechanism that replaces the projected price with

Read Full Article
Grain Markets: Expectations for Corn, Soybean Prices over Next 5 Years

Grain Markets: Expectations for Corn, Soybean Prices over Next 5 Years

👤By Gary Schnitkey and Todd Hubbs, University of Illinois Ag Economists 🕔Oct 18, 2017

Many farm decisions are aided by having longer-run projections of corn and soybean prices. For example, determining the appropriate level of cash rents is aided by price projections. In this article, several longer-termed projections are presented. For the 2017 marketing

Read Full Article
Farm Business: Comparing 2016 ARC-CO and PLC Payments

Farm Business: Comparing 2016 ARC-CO and PLC Payments

👤By Nick Paulson, Gary Schnitkey, Jonathan Coppess, University of Illinois Ag Economists; and Carl Zulauf, Ohio State University, Ag Economist 🕔Oct 17, 2017

The daily article from October 6, 2017 presents a summary of 2016 ARC-CO payments for corn, soybeans, and wheat. Today’s article provides county level estimates of PLC payments for these crops using average program yield data provided by the Farm

Read Full Article
Illinois: Making 2018 Cash Rent Decisions

Illinois: Making 2018 Cash Rent Decisions

👤By Gary Schnitkey, University of Illinois Ag Economist 🕔Oct 4, 2017

Much of the cash rent data for making 2018 cash rental decisions is now available. Data include 2017 county and state cash rents as reported by the National Agricultural Statistical Service (NASS) and actual 2017 and projected 2018 cash rents

Read Full Article