Illinois Crop Budgets: Projected Profits Even with Record Costs Apr 14, 2022

🕔Apr 14, 2022
Illinois crop budgets for 2022 have been revised from their December release. Projected costs have been raised for 2022, and corn and soybean costs are at their highest in history. […]

How Related Are Crop Insurance and Commodity Program Payments? Apr 11, 2022

🕔Apr 11, 2022
An issue in recent farm bills has been a concern that crop insurance and ARC-CO (Agriculture Risk Coverage – County commodity program) would make payments for the same loss.  The […]

Nitrogen Fertilizer Prices, Supply in Light of the Ukraine-Russia Conflict Apr 9, 2022

🕔Apr 9, 2022
Nitrogen fertilizer prices are high and likely will go higher due to repercussions from the Ukraine-Russia conflict. Herein, we trace the evolution of nitrogen price increases, making the case that […]

Illinois Wheat: A More Profitable Option for 2023? Apr 1, 2022

🕔Apr 1, 2022
The Ukraine-Russia war has resulted in much higher wheat prices as both Ukraine and Russia are significant exporters of wheat. As a result, some Illinois farmers may be considering planting […]

Farm Land Price-to-Rent Ratio and Interest Rates Mar 24, 2022

🕔Mar 24, 2022
The ratio of per acre price of farm land relative to rent paid per acre for farm land has increased over the last 50 years and in particular since 2000.  […]

Illinois: 2021 Corn, Soybean Yields – Implications for Crop Insurance, Commodity Title Payments Mar 23, 2022

🕔Mar 23, 2022
The National Agriculture Statistics Service (NASS) recently released county yields. NASS county yields are not the same yields that will be used to calculate Agriculture Risk Coverage at the county […]

Farm Finances: Increasing Interest Rates Likely to Pressure Ag Income Mar 22, 2022

🕔Mar 22, 2022
The U.S. Federal Reserve has begun to raise interest rates to dampen inflation.  Higher rates imply higher interest expense, assuming no other change.  This article explores the role of farm […]

Fertilizer: How Has the Ukraine Conflict Impacted Exports to Brazil and the U.S.? Mar 18, 2022

🕔Mar 18, 2022
The Russian invasion of Ukraine substantially elevates the risk of disruptions in the global fertilizer trade. Russia is the world’s largest exporter of fertilizers, accounting for 23% of ammonia exports, […]

ARC vs. PLC: Their Different Policy Objectives and the Design of Commodity Programs Mar 17, 2022

🕔Mar 17, 2022
Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) are both commodity programs but their policy objectives differ.  PLC provides assistance when prices are low.  ARC provides assistance when transitioning […]

Illinois: Crop Insurance – What Is the Trend-Adjusted Yield Endorsement? Mar 16, 2022

🕔Mar 16, 2022
The Trend-Adjusted Yield Endorsement has been available to Illinois farmers since 2012, making 2022 the eleventh year of its availability. Use of the Trend-Adjusted Yield Endorsement increases the yields used […]

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