PLC Base Yield Updates – The Importance of Crop Rotation

🕔Jan 18, 2019Three of the last four farm bills (2002, 2014, and 2018) have authorized an update option for the yield used to determine payments by the price support program. Each updated […]

Illinois Grain Farms Should Expect Negative Incomes in 2019

🕔Jan 16, 2019In 2018, many grain farms in Illinois will have incomes above $70,000 per farm, the average from 2013 to 2017. Incomes in 2019 could be negative on many farms. While […]

Farm Business: Management and Conservation in the Face of Lower Returns

🕔Jan 11, 2019This is a presentation summary from the 2018 Illinois Farm Economics Summit (IFES) which occurred December 17-21, 2018. A complete collection of presentations including PowerPoint Slides (PPT) and printable summaries […]

Crop Insurance: Multi-County Enterprise Unit – What Is It and How Does It Work?

🕔Jan 9, 2019The Risk Management Agency (RMA) has announced the availability of a multi-county enterprise unit beginning with the 2019 cropping year. This unit allows farmers to combine land not eligible for […]

Illinois Farm Finances: Incidence of High Debt-to-Asset Ratios Grow Over Time

🕔Dec 19, 2018Average debt-to-asset ratios on Illinois grain farms have increased since 2013. At the same time, the percent of farms with debt-to-asset ratios over 0.5 also rose, increasing from 7% at […]

Soybeans: What States Have Exceptional Yield Trends?

🕔Dec 12, 2018From 2013 to 2018, U.S. soybean yields have been above trend in all years, with an average yield-above-trend of 3.7 bushels per acre.  States have had different experiences with above […]

Farm Bill: How Does New PLC Protection Hold Up?

🕔Dec 5, 2018Reports suggest that the 2018 Farm Bill will be signed soon.  Given the proposals contained in the House and Senate versions of the Farm Bill, it seems likely that most […]

Trade Aid: Deadline for Signup Is Jan. 15

🕔Nov 28, 2018The Market Facilitation Program (MFP) provides partial compensation to farmers and share-rent landowners for losses occurring because of trade disputes. This program is administered by the Farm Service Agency (FSA) […]

Crop Insurance: What Can Corn, Soybean Growers Expect in 2019?

🕔Nov 21, 2018Current market conditions provide indications of the safety net that crop insurance will offer for 2019. At this point, the 2019 projected price for corn is forecast to be about […]

Farm Business: 7 Financial, Risk Management Suggestions for 2019

🕔Nov 14, 2018With planning for next year’s crop underway, this article makes suggestions related to financial and risk management for grain farms.  Projections for extremely low income in 2019 set the overall […]

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