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Planting Decision Model
With this program, the user can: 1) estimate the costs of planting corn and soybeans by planting date, 2) estimate the net returns from replanting, 3) prevented planting payments, and…
Quick Cash Flow Projections
Farm Projection Tool
This program calculates per-acre budgets for different crops and a whole farm budget and includes breakevens. Projected financial statements and return sensitivities are available. The effects of farm level crop…
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Planting Decision Model
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Latest farmdoc Daily Articles
Corn Acreage in South America: Stable in Brazil, Sharp Decline in Argentina
Corn production in South America’s two major agricultural countries is expected to follow two distinct paths during the 2024/25 crop season. In Brazil, planted acreage is projected to remain steady, but exports are likely to drop significantly. In contrast, Argentina anticipates the largest relative decrease in corn acreage in 17 years. Nonetheless, Argentine corn exports are projected to reach their highest levels since the 2020/21 season.
The Arithmetic of Commodity Title Programs
Increasing per-acre corn payments for commodity title programs will have a much more significant effect on total Federal outlays than other crops because corn has many more base acres. Seed cotton, rice, and peanuts have lower base acres; hence, spending increases tend to have much less impact on total Federal outlays. As a result, seed cotton, rice, and peanuts often have larger per-acre increases in spending than does corn. This process is illustrated with the House Proposal for the Farm Bill.
The Evolving Nature of Precision Ag: Past as Prologue
Over the last three decades, we’ve seen considerable evolution in the extent of use and the tools employed in what we call precision agriculture. The following discussion highlights some of those developments. While interesting, the purpose of reviewing this experience is to suggest insights for the future.
When Creating 2025 Crop Budgets, Keep in Mind Family Living Costs
In 2023, the total noncapital living expenses of 1,345 farm families enrolled in Illinois Farm Business Farm Management averaged $97,100–or about $8,000 a month for each family. This average was about 6% higher than in 2022. Another $8,762 was used to buy capital items such as the personal share of the family automobile, furniture, and household equipment. Thus, the grand total for living expenses averaged $105,862 for 2023 compared with $98,833 for 2022, or a $7,029 increase per family.
The Liquidity of Illinois Grain Farms: Working Capital
Our analysis of working capital trends reveals significant improvements in liquidity positions over the past two decades, driven primarily by commodity price cycles and their impact on current assets. The most notable increases occurred from 2019-2022, when median working capital more than doubled. The 2023 decline in working capital, while modest relative to historical levels, serves as a reminder that farm liquidity positions remain sensitive to commodity market conditions and input costs.
Assessing Design of the FARM Ad Hoc Assistance Proposal
As indicated in recent farmdoc articles, US farmers, as a group, will incur notable economic loss in 2024, resulting from the systemic market risks of declining revenue and prices while costs remain high. This article continues the assessment of the FARM (Farmer Assistance and Revenue Mitigation) Act of 2024 initiated in the November 4, 2024 farmdoc daily. FARM’s coverage of current estimated 2024 economic loss varies considerably by crop, potentially prompting the “fairness issue.”
Latest Farm Policy News Articles
Farm Bill Extension Likely as GOP Rejects Stabenow’s Bill
Politico’s Meredith Lee Hill and Olivia Beavers reported Tuesday that “House Republicans confirmed during their closed-door conference meeting Tuesday morning that GOP lawmakers are rejecting Senate Ag Chair Debbie Stabenow’s last…
Stabenow Releases Lame-Duck Farm Bill Text
Agri-Pulse’s Philip Brasher reported Monday morning that “Senate Agriculture Committee Chairwoman Debbie Stabenow, D-Mich., released the text of her draft farm bill on Monday with just weeks remaining in this…
Ag Industry Groups Concerned Over Deportation Plans
Bloomberg’s Kim Chipman, Joe Mathieu, and Tarso Veloso reported Tuesday that “President-Elect Donald Trump’s threat of mass deportations risks hurting the domestic agriculture sector already struggling with labor shortages.” “That’s…
Ag Committee Member John Thune Elected Senate Majority Leader
Agri-Pulse’s Rebekah Alvey reported Wednesday that “Senate Republicans on Wednesday elected South Dakota Sen. John Thune, who has a deep background in agriculture and trade policy, as the chamber’s next…
Zeldin Picked to Lead EPA, Lighthizer Not Asked to Tackle Trade
NPR’s Elena Moore reported Monday that “President-elect Donald Trump has tapped former New York congressman Lee Zeldin to run the U.S. Environmental Protection Agency. The nomination for EPA administrator will…
Ag Producers Bracing for Potential China Trade War
Reuters’ Casey Hall, Brenda Goh and Mei Mei Chu reported last week that “U.S. agriculture producers are bracing for the prospect of a fresh trade war under U.S. President-elect Donald…