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Tag "production costs"

2017 U.S. Farm Income Forecast Updated

2017 U.S. Farm Income Forecast Updated

👤By Keith Good, Farm Policy News 🕔Aug 31, 2017

Yesterday, the USDA’s Economic Research Service (ERS) released its August 2017 Farm Income Forecast.  This was the first revision of the initial net farm income forecast released by ERS in February.  Today’s update provides a recap of highlights from the farm

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USDA Updates Provide Snapshot of Farm Economy Variables

USDA Updates Provide Snapshot of Farm Economy Variables

👤By Keith Good, Farm Policy News 🕔Aug 8, 2017

Last week, USDA’s National Agricultural Statistics Service (NASS) released three important updates that provide current insight into the state of the U.S. agricultural economy.  The releases focused on land values, cash rents, and production expenditures. Meanwhile, USDA’s Economic Research Service

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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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Arkansas: Costs and Net Return Trends for Field Crops

Arkansas: Costs and Net Return Trends for Field Crops

👤By Archie Flanders, University of Arkansas Extension Economist 🕔Jul 7, 2017

Recent years of low crop prices have been partially offset by reduced production costs. Net returns present two distinct eras: One period is ‘years subsequent to 2006’ with the other period being ‘years prior to 2006’. After favorable net returns

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Illinois Grain: Closeup Look at Power and Equipment Costs on a Per Acre Basis

Illinois Grain: Closeup Look at Power and Equipment Costs on a Per Acre Basis

👤By Brandy Krapf, Dwight Raab, and Bradley Zwilling, University of Illinois 🕔Jun 19, 2017

With tightening margins and lower crop prices, producers are looking for ways to cut costs. In this article, we will look at power and equipment costs components, how they vary by farm size and the impact on profitability. In 2004,

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South Dakota Crops: In 2017, Every Bushel Matters. Every Penny Counts.

South Dakota Crops: In 2017, Every Bushel Matters. Every Penny Counts.

👤By Alvaro Garcia, South Dakota State University 🕔Jun 7, 2017

It seems this year will be another challenging one for agriculture in South Dakota and the nation overall. In reality it might not be strikingly different from the three previous ones albeit with maybe somewhat tighter margins. US agriculture is

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Oklahoma Sorghum: Budget Operating Costs for Planting in June

Oklahoma Sorghum: Budget Operating Costs for Planting in June Updated

👤By Donald Stotts, Oklahoma State University 🕔Jun 5, 2017

Oklahoma farmers planting sorghum in June need to be aware that sugarcane aphid infestations before the boot stage can decimate their crop, underscoring the need to budget a corrective insecticide application before planting. Trent Milacek, Oklahoma State University Cooperative Extension

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Georgia: Growing Pecans Is a Costly Investment

Georgia: Growing Pecans Is a Costly Investment

👤By Clint Thompson, University of Georgia 🕔Apr 27, 2017

Georgia’s pecan industry grew by more than 20,000 new acres in the last five years. Pecans are a booming business in Georgia, but University of Georgia Cooperative Extension pecan specialist Lenny Wells says that new farmers should go into the

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Illinois Corn, Soybeans: How Much Did It Cost to Produce a Crop in 2016?

Illinois Corn, Soybeans: How Much Did It Cost to Produce a Crop in 2016?

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

In 2016, the total of all economic costs per acre for growing corn in Illinois averaged $886 in the northern section, $870 in the central section for farmland with “high” soil ratings, $849 in the central section for farmland with

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Michigan: Reducing Production Costs Without Hurting Crop Yields

Michigan: Reducing Production Costs Without Hurting Crop Yields

👤By Jim Isleib, Michigan State University 🕔Apr 20, 2017

Fine-tune your fertilizer/manure program If you think soil testing isn’t that important, think again. A systematic whole-farm soil testing program is the backbone of a good crop nutrient plan. Without soil test report information, you can only guess what’s going

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