Editor's Picks
Tag: Gary Schnitkey
Illinois: Information for Setting 2023 Cash Rents Sep 21, 2022
Information relative to cash rents levels is now relatively complete. The National Agricultural Statistics Service (NASS) recently released state and county rents for 2022. The Illinois Society of Professional Farm […]
Crop Revenue Insurance Indemnities – What Types of Loss Are Being Covered? Sep 21, 2022
Individual farm crop revenue insurance covers losses from low yield, prevented planting, and low price. We assess the relative role of these three types of loss by examining the indemnities […]
Margin Protection Revenue and Cost Components Sep 15, 2022
Current high commodity prices and the current high-cost environment in 2023 brings new interest to the Margin Protection (MP) crop insurance product ahead of the 2023 MP decision deadline on […]
Allowing New Base Acres for Current Program Commodities Sep 5, 2022
The 2002 and 2014 farm bills authorized voluntary base acre update and reallocation options, respectively. Several individuals have asked the senior author about the feasibility of another voluntary base acre […]
Crop Insurance: Margin Protection – What Is It, Does It Help? Sep 4, 2022
Margin Protection (MP) is multi-peril crop insurance that provides coverage against unexpected decreases in operating margins. Given the expectation for higher costs and lower returns for 2023, there may be […]
Brazil: New Record Grain Production on Horizon Aug 30, 2022
Brazilian grain producers are expected to begin planting in September. If the weather cooperates, the Brazilian harvest could result in its largest grain harvest in history. The first forecast for […]
Farm Safety Net: Planting Flexibility and Current U.S. Crop Acres Aug 30, 2022
Since the 1996 farm bill, the U.S. farm safety net has given farmers the freedom to not plant program base acres and to plant a crop’s base acres to another […]
Illinois: Projected Wheat Double-Crop Soybean Profitability in 2023 Aug 27, 2022
In the August version of the 2023 Illinois Crop Budgets, wheat plus double-crop soybean is projected to be much more profitable than stand-alone corn and stand-alone soybeans in southern Illinois. Wheat-double-crop-soybeans has […]
Reviewing the Inflation Reduction Act of 2022 – The Bigger Picture Aug 27, 2022
The Inflation Reduction Act of 2022 was signed into law by President Biden on August 16, 2022, becoming the 169th public law of the 117th Congress. Previous articles reviewed the […]
Illinois: Farmland Prices Higher but Still in Line with Market Fundamentals Aug 19, 2022
Farmland prices have increased by large amounts over last year’s prices. Even given these increases, farmland prices still are near levels suggested by the historical relationship between farmland prices, farmland […]
