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Tag "Nick Paulson"

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 Farm Business: Habits of Financially Resilient Farms

Illinois Farm Business: Habits of Financially Resilient Farms

👤By Nick Paulson, University of Illinois Ag Economist 🕔Jan 11, 2018

This is a presentation summary from the 2017 Illinois Farm Economics Summit (IFES) which occurred December 18-22, 2017. A complete collection of presentations including PowerPoint Slides (PPT) and printable summaries (PDF) are available here. Over the past 10 years, returns

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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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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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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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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

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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

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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

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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

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