Farm Bill Review: Historic Fixed Price Policy and Costs of Production

🕔Mar 9, 2018This article continues the discussion regarding fixed-price commodity policies in farm bills by comparing early target prices and costs incurred by farmers to produce supported crops. The discussion in this […]

Ohio Crops: Do You Know Your Production Cost?

🕔Feb 21, 2018Which number is closest to your total direct and overhead cost of production per bushel of corn: $3.08, $4.17, or $6.21? Do you know? Forty-two farms completed their 2016 farm […]

Iowa: Land Prices, Some Input Costs Should Decline

🕔Feb 19, 2018Land and input costs for corn and soybean production are expected to decline in 2018, according to research conducted by Iowa State University Extension and Outreach. The research, released in […]

Illinois Corn, Soybeans: Continuing Need to Cut Costs

🕔Jan 25, 2018This is a presentation summary from the 2017 Illinois Farm Economics Summit (IFES) which occurred December 18-22, 2017. A complete collection of presentations including PowerPoint Slides (PPT) and printable summaries […]

Farm Business: 7 Crops Show a Declining Cost of Production

🕔Dec 15, 2017In a July 25, 2017 farmdoc daily article, Schnitkey discussed declining cost of production for Illinois corn and soybeans. This article extends the discussion to the U.S. and to barley, […]

No-Till Farming: The Economics of Saving Money, Time, and Soil

🕔Dec 1, 2017For farmers across the country, it comes as no surprise to hear that conservation tillage practices – particularly continuous no-till – can save time and money compared to conventional tillage. […]

USDA: Farm Income Forecast – Most Row Crop Receipts Decline, But Profits Stable

🕔Nov 30, 2017After 3 consecutive years of decline, farm sector profits are forecast to be relatively stable in 2017. Net farm income, a broader measure of profits, is forecast to increase $1.7 […]

Illinois: Farm Income Forecast Lower Than 2016 but Better Than Expected

🕔Nov 22, 2017Average net income on Illinois grain farms is forecast at around $60,000 per farm in 2017. This forecast is for a composite of grain farms enrolled in Illinois Farm Business […]

Ag Economy Barometer: Glass Half Full or Half Empty?

🕔Nov 7, 2017The latest measure of agricultural producer sentiment improved slightly during October to 135, its third-highest level since data collection began two years ago (Figure 1). Although stronger than a month […]

Midwest Farmers Can Cut Energy Bills, Gain Federal Incentives Through Purdue Audit

🕔Oct 27, 2017Running a farm operation is a constant numbers game, with farmers constantly evaluating the costs of replacing equipment, fertilizer, feed and labor against market prices. Another significant cost comes in […]

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