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US Average Farm Price Received Database

Average farm price received data, for multiple commodities, in the US for the period 1960 to present. File is Microsoft Excel format.
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lllinois Average Farm Price Received Database

Average farm price received data, for multiple commodities, in the state of Illinois for the period 1960 to present. File is Microsoft Excel format.
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Crop Insurance Premium Calculator

The 2024 iFarm Crop insurance Premium Calculator allows users to develop highly customized estimates of their crop insurance premiums, and compare revenue and yield guarantees across all available crop insurance products and elections for their actual farm case.
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Latest farmdoc Daily Articles

Estimates of Soybean Production and Yields Based on 6/30/2024 Crop Conditions

Based on the June 30 crop condition report, total U.S. soybean production is estimated to be 4.4 billion bushels with a range from 4.3 billion to 4.6 billion bushels. The national soybean yield is estimated to be 51.9 bu/ac with a range from 50.1 to 53.7 bu/ac. However, it is still early in the growing season, so readers should expect changes to the estimates as the season progresses and perhaps even significant changes depending on the amount of rain received over the growing season.

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What is Climate Smart Agriculture?

Climate Smart Agriculture is a promising paradigm for addressing environmental challenges by increasing productivity, enhancing resilience, and reducing emissions. However, the definition and assessment of CSA practices lack standardization, hindering their widespread adoption and effective implementation. A consistent, widely applicable, and standardized framework for assessing CSA will facilitate informed decision-making, improve resource allocation, and enhance stakeholder collaboration.

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US Interest Rates and the Price of Capital

This farmdoc daily article is not an exhaustive examination, but sizable demand for capital intensive projects in the transportation, energy, supply chain, and artificial intelligence sectors; a declining US saving rate; and cooling in international investor demand for US Federal Debt suggest that, even if inflation declines to the Federal Reserve’s target rate of 2%, US interest rates may need to remain high to supply current and near future US demand for capital.

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Corn and Soybeans Economics in 2024 and 2025: Back to the New (Old) Normal?

In recent months, corn and soybean prices have trended lower, leading to questions about longer-run prices. Recent price patterns suggest that 2021 through 2023 was a transitory period of higher…

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Estimates of Corn Production and Yields Based on 6/30/2024 Crop Conditions

Total U.S. corn production is estimated to be 14.99 billion bushels, based on 6/30/24 crop conditions, with a range from 14.58 billion to 15.40 billion bushels. The national corn yield is estimated to be 179.7 bushels/acre with a range from 174.8 to 184.6 bu/ac. However, it is still early in the growing season, so readers should expect changes to the estimates as the season progresses and perhaps even significant changes depending on the amount of rain received over the growing season.

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Conventional and Organic Enterprise Net Returns

This farmdoc daily article compares crop yields, gross revenue, total expense, and net returns for conventional and organic corn and soybeans. Consistent with previous work, organic corn and soybean enterprises had lower crop yields, higher crop prices and gross revenue, and higher net returns. However, there was a much wider difference in enterprise net returns among organic corn and soybean enterprises than there was among conventional corn and soybean enterprises.

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Latest Farm Policy News Articles

Farm Bill Hopes Continue to Dwindle for 2024

Farm Progress’ Joshua Baethge reported at the end of last week that “it’s hard to find anyone optimistic about passing a new farm bill this year. While the two political…

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Senate, House Committees Advance Ag-FDA Spending Bills

Axios’ Victoria Knight reported Thursday that “the Senate Appropriations Committee approved the Agriculture-FDA spending bill 27-0 Thursday.” “Both chambers of Congress have now approved their FY25 Ag-FDA funding bills out…

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Some Ag Damage Reported from Hurricane Beryl

Progressive Farmer’s Chris Clayton reported Tuesday that “it will take time to assess all the agricultural damage in Texas and other states from Hurricane Beryl and its remnants, but at…

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Grain Prices Hitting Lowest Levels Since 2020

Bloomberg’s Gerson Freitas Jr and Tarso Veloso reported Monday that “grain prices have slumped to the lowest level since the pandemic as Tropical Storm Beryl is expected to bring rains…

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Federal Ag Spending Bills to be Considered this Week

Politico’s Meredith Lee Hill and Grace Yarrow reported Monday that “amid election controversy and campaign buzz, appropriations leaders will convene this week to start to hammer out key spending plans.…

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Colorado Dairy Worker Becomes 4th Human Bird Flu Case

Reuters’ Leah Douglas reported last week that “public health officials in Colorado on Wednesday announced an adult man had tested positive for avian flu after reporting mild symptoms, including conjunctivitis,…

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