Illinois Corn, Soybeans: 2020 Crop Budgets Revised Jan 17, 2020

🕔Jan 17, 2020
Budgets for 2020 have been revised and are now available on farmdoc. Revised budgets use a corn price of $3.90 per bushel and soybean price of $9.10 per bushel, both […]

Farm Bill Decisions: 2019 ARC-IC Payment Calculator Available Jan 8, 2020

🕔Jan 8, 2020
Agricultural Risk Coverage at the Individual Level (ARC-IC) should be considered as a commodity title alternative for 2019 and 2020 in two special cases:  1) if a Farm Service Agency […]

Trade Aid: How Did Payments Change in 2019 Over 2018? Dec 20, 2019

🕔Dec 20, 2019
Previous analysis of the Market Facilitation Program (MFP) compared the 2018 and 2019 MFP programs, outlining differences in the design and implementation by USDA and the resulting differences in county-level […]

Farm Bill Program Deadlines Approaching – Need Help Making a Decision? Dec 18, 2019

🕔Dec 18, 2019
Decision deadlines are approaching under the 2018 Farm Bill. This article covers deadlines and lists considerations when choosing between the commodity title alternatives of Agricultural Risk Coverage (ARC) and Price […]

Trade Aid: Where Have Program Payments Been Concentrated? Dec 13, 2019

🕔Dec 13, 2019
As of December 3, 2019, USDA reported $10.33 billion in Market Facilitation Program (MFP) payments for 2019, with payments being made in three tranches of 50% in August, 25% in […]

Illinois: Large Farms Continue Getting Larger Dec 12, 2019

🕔Dec 12, 2019
Agricultural census data allows tracking of acres operated by farms of different sizes. We use this data to track grain farm concentration over time. Acres operated by farms with over […]

Trade Aid: How Does the MFP Compare to Past Farm Programs? Dec 6, 2019

🕔Dec 6, 2019
As discussed previously, the Market Facilitation Program (MFP) created by the Trump Administration in response to the tariff conflict it initiated is arguably an unprecedented effort and may signal a […]

Yield Updating Decisions Under the 2018 Farm Bill Dec 4, 2019

🕔Dec 4, 2019
Landowners will have a one-time yield updating decision under the 2018 Farm Bill: 1) keep the current Price Loss Coverage (PLC) yield that is assigned to a crop on a […]

Illinois: How Will Trade Aid Payments Affect 2020 Cash Rents? Nov 27, 2019

🕔Nov 27, 2019
Market Facilitation Program (MFP) payments have served as a significant source of revenue on grain farms in 2018 and 2019. Without MFP payments, average farmer returns would be negative in […]

Trade Aid: New Direction in Public Ag Policy? Nov 22, 2019

🕔Nov 22, 2019
On November 15, USDA announced issuance of the second tranche of Market Facilitation Program (MFP) payments for 2019. As of November 18, 2019, USDA reports that MFP 2019 has paid […]

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