Editor's Picks
Tag: farmdocDaily
Corn, Soybeans: What Will 2023 Projected Prices Be? Oct 5, 2022
Current futures prices signal relatively high prices for corn and soybeans in the fall of 2023. Relatively high prices are needed to have profitability given significant increases in costs for […]
Livestock: Still Lower Hog Inventories With No Intentions To Expand Oct 3, 2022
The USDA’s September Hogs and Pigs report places the September 1 inventory of all hogs and pigs at 73.8 million head, up about 1.8% from last quarter but down 1.4% […]
Ag Policy: How Have Farm Bills Addressed Climate Change? Oct 1, 2022
The Inflation Reduction Act of 2022 invested approximately $19 billion in farm bill conservation programs for conservation practices that address climate change. In addition, USDA has announced nearly $3 billion […]
Illinois: How Did Farms Fare Financially in 2021? Oct 1, 2022
Farm incomes in 2021 were much higher than the year before leading to stronger financial positions on Illinois farms. The Farm Financial Standards Council has identified several key measures to […]
Illinois: Fertilizer Prices, Rates, and Costs for 2023 Sep 30, 2022
While fertilizer prices have declined since spring, fertilizer prices remain high, and fertilizer costs are significantly higher than a year ago. Therefore, reducing rates where practicable seems prudent. Some fields […]
2014 Farm Bill Voluntary Base Acre Reallocation – Cost Assessment Sep 27, 2022
Base acres are an early discussion topic for the next farm bill. Current base acres date to the 2014 farm bill. This farm bill gave farmers the option to keep […]
Margin Protection: The “Elusive” Cost of Production Sep 27, 2022
In policy, definitions matter. As part of a forthcoming Farm Bill, Congress may consider changes to farm programs to incorporate margins, expected to be defined as the difference between a […]
Crop Insurance: The Case for a New Product – Yield Protection with Harvest Price Option Sep 23, 2022
This review of farmers’ crop insurance choices suggests offering another farm-level product: Yield Protection (YP) with the harvest price option (HPO). YP-HPO would value shortfalls in yield at the higher […]
A Straight-Forward Variable Cash Lease with Revised Parameters Sep 23, 2022
Last year, we specified terms for a variable cash rent agreement. Variable cash rents are one form of farmland leasing that has the rent vary based on crop revenue. We […]
Farm Policy: A Historical Look at Discussions of Margin Protection Sep 22, 2022
In April 1933, Senator George W. Norris (R-NE) argued that Congress should include a cost of production calculation in farm support policy. His efforts were part of the debate for […]
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