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Machinery economics

FEFO Archive: Decision aids

Late Planting and Tools in FAST
Ryan Batts and Gary Schnitkey
FEFO 13-08, 5/1/2013
 

Abstract

The Planting Decision Model includes a “Returns by Planting Date” module which calculates projected returns from corn and soybeans by planting date in northern, central, and southern Illinois. According to projections in this tool, corn will be the more profitable to plant in all areas until late May. In central Illinois, corn is projected more profitable than soybeans into June.
 
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Projected Corn-Soybean Returns Do Not Suggest Shift to Corn in Illinois: An Application of the Planting Decision Model
Gary Schnitkey
FEFO 12-08, 3/27/2012
 

Abstract

Returns projected using 2012 default budgets in the Corn-Soybeans Rotation Tool  indicate that corn-soybean rotations have higher projected returns than continuous corn, given that commodity prices are at current harvest-time bids.
 
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A Soybean Rust Scenario Model: 2005 Crop Year Decision Making In Illinois
Gary Schnitkey
FEFO 05-05, 03/15/2005
 

Abstract

The 2005 crop will be particularly challenging for Illinois soybean producers. Soybean rust, a fungal disease, has moved up from South American and was found in the Southern US in the fall of 2004. This is the first discovery of the disease in the continental US. The disease is in the form of spores and can spread through airborne pathways over wide geographic areas (Isard et al, 20041). Weather patterns, especially those from the South to North, will be the main factor causing an outbreak in Illinois during the 2005 crop year.
 
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Grain Delivery Comparison Model: Release Of A New FAST Tool
Gary Schnitkey
FEFO 04-14, 08/26/2004
 

Abstract

A new Farm Analysis Solution Tool (FAST) has been released for use. This Microsoft Excel spreadsheet is called the Grain Delivery Comparison Model and is useful for comparing net revenues associated with delivering grain up to three different locations. This tool has been developed by Brian Pulley (Illinois Farm Business Farm Management) and myself and can be downloaded from the FAST section of farmdoc (www.farmdoc.uiuc.edu).
 
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Release of Crop Budgeting Tool
Gary Schnitkey
FEFO 03-13, 07/22/2003
 

Abstract

A new Crop Budgeting Tool has been released on farmdoc. Crop Budgeting compares the costs and returns from alternative crops and determines the funds available to pay for cash rent. This tool is part of FAST, a series of Microsoft Excel spreadsheets that aid farmers in economic decision-making. The spreadsheet is available in the “FAST Tools” section of farmdoc or by clicking here.
 
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Cash Rent Worksheet
Dale Lattz, Gary Schnitkey
FEFO 03-01, 01/27/2003
 

Abstract

A new cash rent worksheet designed to help farmers determine the amount of cash rent that can be paid for an acre of land is available on farmdoc (Click here to download sheet). A user must have Microsoft Excel version 97 or higher to operate the worksheet.
 
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2002 IFARM Insurance Evaluator
Gary Schnitkey
FEFO 02-05, 03/11/2002
 

Abstract

The 2002 version of the iFARM Crop Insurance Evaluator is available for use on farmdoc. The Evaluator shows risks and returns from five different crop insurance products: Actual Production History (APH), Revenue Assurance with the Base Price option (RA-BP), Crop Revenue Coverage (CRC), Group Risk Plan (GRP), and Group Risk Income Plan (GRIP) insurance.
 
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2002 IFARM Premium Calculator
Gary Schnitkey
FEFO 02-03, 02/08/2002
 

Abstract

The 2002 version of the IFARM premium calculator has been released for use. This tool calculates per acre insurance premiums for the following insurances: Actual Production History (APH), Revenue Assurance with the base price option (RA-BP), Crop Revenue Coverage (CRC), Group Risk Plan (GRP), and Group Risk Income Plan (GRIP). Premiums can be calculated for corn, soybeans, wheat, and grain sorghum in counties of twelve states located in the greater Corn Belt. The Premium Calculator is in the crop insurance section of farmdoc (http://www.farmdoc.uiuc.edu/cropins/).
 
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New Spreadsheet Tool for Machinery Economics
Dale Lattz
FEFO 01-25, 12/17/2001
 

Abstract

A new Microsoft Excel spreadsheet has been developed to provide economic information on machinery issues commonly faced by farmers. The spreadsheet will 1) calculate the probabilities of being able to complete machinery operations between beginning and ending dates, 2) calculate the costs of tillage and planting operations, and 3) calculate the cost of combining. The spreadsheet is named Machinery Economics and is part of the FAST decision aids available for download at farmdoc (see http://www.farmdoc.uiuc.edu/finance/business.html).
 
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