Cost Benefit Analysis of CFAP2 Payments Sep 22, 2020

🕔Sep 22, 2020
At a campaign stop in Wisconsin on September 17, 2020, President Trump announced a second round of Coronavirus Food Assistance Program (CFAP2) payments. USDA estimates up to $14 billion in […]

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 […]

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 […]

Payment Limitations: New Regs For An Old Problem – Gaming The System Aug 31, 2020

🕔Aug 31, 2020
On Monday, August 24, 2020, USDA implemented changes to the payment limitation and eligibility rules for federal farm payments enacted by Congress in the 2018 farm bill (Abbott August 24, 2020; […]

Cash Rents Face Pressure from Negative Farmer Capital – DTN Aug 31, 2020

🕔Aug 31, 2020
Cash rent negotiations between farm tenants and landowners will be tough again this fall as farmers face negative cash flows in 2021. Ad hoc federal payments in 2019 and 2020 […]

Illinois Corn: Cutting Fertilizer Rates to Save Costs Aug 26, 2020

🕔Aug 26, 2020
Many farmers could experience greater financial returns by reducing fertilizer rates.  Many farmers apply nitrogen at rates above those recommended by land grant university research.  Moreover, in 2017, UIUC university […]

Illinois Corn, Soybeans: Time to Lower Cash Rents? Aug 12, 2020

🕔Aug 12, 2020
State-level cash rents released last week by the National Agricultural Statistical Service (NASS) indicate 2020 cash rents were virtually unchanged from 2019 across states in the Corn Belt. While corn […]

Recovering U.S. Share of World Crop Exports Is Ag Policy’s Zombie Idea – Opinion Aug 12, 2020

🕔Aug 12, 2020
In a recent farmdocsdaily article, “The US Safety Net, Crop Profitability, and a Floor on Cost of Production” by Carl Zulauf, Gary Schnitkey and Michael Langmeier, the authors pose the […]

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