Tag: production costs
Ag Economy: “Most Expensive Crop in Decades,” Farmers Battling Skyrocketing Costs Oct 5, 2022
Sarah Bowman, writing on the front page of the Money section in today’s USA Today, reported that, “Outside Evansville, near the corner of Indiana where it meets with Kentucky and […]
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 […]
A Look at Production Costs and Implications for Agriculture Jul 28, 2022
Agricultural production is filled with uncertainty and risk. There are many factors outside of farmers’ control that can affect profitability, making risk management an essential business practice. One area that […]
Farmer Sentiment Plummets As Production Costs Skyrocket – Ag Barometer Jun 8, 2022
The Purdue University-CME Group Ag Economy Barometer plummeted in May to a reading of just 99, the weakest farmer sentiment reading since April 2020. The May 2022 barometer reading marked just the 9th time since data collection began […]
How Has General Inflation Impacted Input Prices? Apr 26, 2022
Most of the recent discussion involving input price changes in U.S. production agriculture has focused on fertilizer prices. For example, a recent farmdoc daily article discussed high fertilizer prices in the […]
Illinois Corn, Soybeans: Production Cost Comparisons from 2020 to 2021 Apr 21, 2022
In 2021, the total of all economic costs per acre for growing corn in Illinois averaged $952 in the northern section, $960 in the central section for farmland with “high” […]
Illinois Crop Budgets: Projected Profits Even with Record Costs Apr 14, 2022
Illinois crop budgets for 2022 have been revised from their December release. Projected costs have been raised for 2022, and corn and soybean costs are at their highest in history. […]
Mississippi: Commodity and Fertilizer Price Volatility – Podcast Apr 13, 2022
Brian Mills and Corey Bryant visit the Crop Doctors’ Podcast studio in Stoneville to talk about the fluid situation that is the current state of commodity and fertilizer pricing. Topics […]
Fertilizer, Wheat, Sunflower Oil Prices Climb; Sec. Vilsack Rejects CRP Acreage Flexibility Request Apr 9, 2022
DTN writer Russ Quinn reported yesterday that, “Retail fertilizer prices tracked by DTN for the last week of March 2022 are moving significantly higher again. All fertilizers were higher with some double digits higher compared […]
Ag Economy Barometer Slides Lower, Concerns About War’s Impact on Input Prices Apr 5, 2022
The Purdue University-CME Group Ag Economy Barometer dipped to a reading of 113 in March, the weakest farmer sentiment reading since May 2020 which was in the early days of the […]