Illinois: Brightened 2020 Income Outlook for Grain Farms Sep 23, 2020

🕔Sep 23, 2020
In the past month, much has changed in outlook for grain farm income.  The U.S. Department of Agriculture (USDA) is projecting relatively high yields for corn and soybean in Illinois.  […]

Federal Payments Showed The Safety Net Favors Soybeans Sep 17, 2020

🕔Sep 17, 2020
This article examines the distribution by commodity of the $33 billion in payments by the Market Facilitation Program (MFP) announced in 2018 (MFP 2018), MFP announced in 2019, and Coronavirus […]

Illinois: Cash Rents in 2020, Projections for 2021 Sep 16, 2020

🕔Sep 16, 2020
The National Agricultural Statistical Service (NASS) recently released state and county rents for 2020. In addition, the Illinois Society of Professional Farm Managers and Rural Appraisers released their projections of […]

Illinois Crop Budgets: Wheat-Double-Crop Soybeans Competitive with Corn Sep 9, 2020

🕔Sep 9, 2020
As wheat planting season approaches, we evaluate expected returns for crop rotations that include wheat.  Given current 2021 grain bids, a combination of wheat and double-crop-soybeans is projected more profitable […]

Conventional Vs. Organic Grains: 5-Year Comparison Of Returns Sep 8, 2020

🕔Sep 8, 2020
Due to continued increases in demand for certified organic grains, crop farmers that have transitioned from conventional to certified organic grains report higher net returns per acre. Despite this, certified […]

Crop Insurance: How Do Adverse Planting Conditions Affect Payment Timing? Sep 4, 2020

🕔Sep 4, 2020
The purpose of this article is to examine when losses that trigger crop insurance indemnities primarily occur. Early season excess moisture in 2019 allowed losses to become measurable much earlier […]

Midwest Corn, Soybeans: Cost Management Considerations for Harvest Sep 2, 2020

🕔Sep 2, 2020
Combines are the largest cost machinery item on most Midwest grain farms.  As such, periodically evaluating whether owning or out-sourcing combining is prudent, particularly at the point where a combine […]

Corn, Soybeans: Projecting Final Planted Acreage with Preliminary FSA Data Aug 28, 2020

🕔Aug 28, 2020
Each year the USDA’s National Agricultural Statistics Service (NASS) provides estimates of planted acreage of corn and soybeans in the U.S.  These estimates provide important fundamental information about potential crop […]

Corn, Soybeans: Projecting Final Prevented Plant Acreage Aug 25, 2020

🕔Aug 25, 2020
Prevented plant coverage under the Federal crop insurance program provides payments when farmers are unable to plant within a normal time window.  Estimating the number of prevented plant acres in […]

Hubbs on Grain: Looking at 2020-21 Corn Consumption Aug 25, 2020

🕔Aug 25, 2020
Crop tour estimates and derecho damage brought USDA corn production forecasts for the 2020 crop under question over the last week.  While a lower domestic supply of corn supports corn […]

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