2020 Commodity Program Payment Dashboard Jan 18, 2022

🕔Jan 18, 2022
This article discusses payments made by ARC (Agriculture Risk Coverage) and PLC (Price Loss Coverage) commodity programs for the 2020 crop year.  USDA, FSA (US Department of Agriculture, Farm Service […]

Farm Safety Net: The 2022 PLC and ARC Decision Jan 14, 2022

🕔Jan 14, 2022
Farmers will again have until March 15 to make commodity title program selections. Given the current high prices, commodity title payments are not expected from any program option for the […]

2022 Policy Update – Possible Impacts on Farm Income Jan 3, 2022

🕔Jan 3, 2022
Net farm income in the U.S. reached nearly $95 billion in 2020 and is projected at nearly $117 billion for 2021 after averaging just under $76 billion from 2015 to […]

Illinois: Farm Income Outlook for 2022 Dec 30, 2021

🕔Dec 30, 2021
Net income on Illinois grain farms will be at record levels in 2021, likely near $325,000 per farm. This $325,000 represents an average for grain farms enrolled in Illinois Farm […]

U.S. Interest Rates – Are We Entering a Period of Sustained Inflation? Dec 27, 2021

🕔Dec 27, 2021
The farmdoc daily article of December 20, 2021 posits that the US Federal debt is not likely to have a major impact on Federal policy and spending unless Federal outlays for interest […]

Illinois Corn, Soybeans: 2022 Break-Even Prices Dec 22, 2021

🕔Dec 22, 2021
Break-even prices to cover total costs for 2022 are projected at $4.73 per bushel for corn and $11.06 per bushel for soybeans. Compared to historical levels, these break-even prices are […]

How Much Will Federal Debt Affect Policy? Dec 22, 2021

🕔Dec 22, 2021
Objective of this article is to put the concern over US Federal debt into perspective.  US Federal debt has grown substantially both in dollar terms and relative to US Gross […]

Why Are Nitrogen Prices So High? Dec 15, 2021

🕔Dec 15, 2021
Nitrogen fertilizer prices are positively related to corn and natural gas prices. Because of current high corn and natural gas prices, one would expect nitrogen prices also to be high. […]

Does Dec. Cash Price Help Predict If ARC-CO or PLC Pays More Next Year? Dec 10, 2021

🕔Dec 10, 2021
This article analyzes if the US December cash price can help inform the annual farm program decision between ARC-CO (Agriculture Risk Coverage – county) and PLC (Price Loss Coverage). The […]

Net Change in CRP Acres, 2020-2021 Program Year Dec 9, 2021

🕔Dec 9, 2021
Net change in CRP (Conservation Reserve Program) acres is examined for the CRP program year that began October 1, 2020.  Net change is a key CRP metric in years that […]

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