Editor's Picks
Tag: Krista Swanson
Farm Safety Net: 2021 PLC, ARC Payments and Outlook for 2022 and 2023 Oct 28, 2022
The Farm Service Agency (FSA) recently released all the information necessary to calculate 2021 commodity title payments. For 2021, Price Loss Coverage (PLC) did not make payments for corn, soybeans, […]
Illinois: PACE and Nitrogen Fertilizer Strategies for 2023 Oct 12, 2022
Nitrogen fertilizer prices are high and volatile, leading to concerns about fertilizer costs moving into 2023. Farmers have several tools for managing risks, including the Post Application Coverage Endorsement (PACE), […]
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 […]
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 […]
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 […]
