Illinois: Grain Farm Income Projections After Recent Price Declines

🕔Jul 11, 2018In recent weeks, cash corn prices have declined by $.50 per bushel and soybean prices by $1.80 per bushel, resulting in much lower 2018 income expectations.  Crop revenue and returns […]

Farm Bill, 2018: Next Up – Resolving 5 Key Issues Between House and Senate

🕔Jul 6, 2018On June 28, 2018, the Senate overwhelmingly passed its version of the 2018 farm bill with an historic 86 to 11 vote (U.S. Senate, Roll Call Vote 143). Senate passage followed […]

Cover Crops: Understanding Budget Implications

🕔Jun 29, 2018Farmers remain under pressure to adopt practices that will reduce nutrient losses from their fields and cover crops are considered the most effective in-field practice for reducing nitrogen and phosphorus […]

Illinois Farm Business: 5-Year Income Projections for Grain Farms

🕔Jun 27, 2018Five-year financial projections for Illinois grain farms suggests continued low farm incomes, given that yields are at trend levels with corn prices near $3.60 per bushel and soybean prices ranging […]

Illinois Corn: Has the Era of Decreasing Per Acre Corn Costs Ended?

🕔Jun 22, 2018Since 2014, non-land costs of producing corn on high-productivity farmland in central Illinois declined from $617 per acre in 2014 to $569 per acre in 2017, a decrease of $48 […]

Farm Bill: Progress and Potential Hurdles

🕔Jun 20, 2018The odds for a farm bill in 2018 have improved considerably. On Wednesday the Senate Ag Committee moved its version of a farm bill with a strong bipartisan vote (20 […]

Illinois: Fertilizer, Seed, Chemical Costs – 2019 Projections

🕔Jun 7, 2018Fertilizer, seed, and chemical costs represent a sizable portion of the total costs of producing corn. In this article, costs for these three inputs are reported for the years from […]

Ag Policy: Price Loss Coverage Favors “Other Oilseeds”

🕔Jun 4, 2018In the context of U.S. commodity policy, “other oilseeds” include canola, crambe, flaxseed, mustard seed, rapeseed, safflower, sesame seed, and sunflower seed, as well as “any oilseed designated by the […]

ARC-CO Payments: Revised Estimates for 2017

🕔May 31, 2018In recent months, forecasts of 2017 Market Year Average (MYA) prices have increased. Higher MYA prices will result in lower 2017 payments for the Agricultural Risk Coverage at the County […]

What Do $3.80 Corn and $10 Soybean Midpoints Mean for 2018 Crop Revenues?

🕔May 24, 2018The World Agriculture Supply and Demand Estimate (WASDE) report contained its first estimates of 2018/2019 supply and use. Midpoints of their market year average (MYA) prices ranges are $3.80 per […]

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