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Crop Insurance Payment Evaluator

The 2024 iFarm Crop Insurance Payment Evaluator provides helpful information to producers comparing costs and risk reductions across their available crop insurance alternatives.
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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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Farm Rent Evaluator

Compares the risks and returns of different leases.
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Latest farmdoc Daily Articles

Crop Insurance Decisions for 2024

The 2024 price discovery period used to determine projected prices and volatility factors for Federally-sponsored corn and soybean crop insurance products is completed for areas with a March 15th sales…

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International Benchmarks for Soybean Production

Our examination of soybean yield, gross revenue, and cost for farms in the agri benchmark network from Argentina, Brazil, Russia, the Ukraine, and the United States found that yield, gross revenue, and cost were substantially higher for the U.S. farms. In general, the 2018 to 2022 period was a profitable period for soybean production with each of the typical farms, except for the typical farm in Canada, exhibiting a positive economic profit.

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Hiding Behind the Baseline: Big Numbers and the Budget Game

For the Farm Bill, behind the big numbers of the baseline are millions of people who receive federal assistance in one form or another. Budget policy can bury other priorities under the weight of large, aggregate spending figures, which can often serve convenient means to achieve strategic ends by smaller, factional interests. Ignoring these realities may be strategic or convenient, but hiding behind the baseline, a more complete story exists that better informs public debate for public policy.

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Do Different Types of Farms Pay Different Interest Rates?

Agricultural operations are facing unique financing challenges due to elevated input and farmland prices combined with a multi decade high in interest rates. Our analysis finds that interest rates varied more by farm typology than farm specialization. For example, neither banks nor Farm Credit System lenders had consistently higher or lower rates. In addition, vendors provided lower rates for commercial farms on short-term debt but lower rates for rural residence farms on intermediate debt.

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Estimated Likelihoods of PLC and ARC-CO Payments for 2024

Estimates from the recently updated Gardner Payment Calculator suggest the county-level ARC program (ARC-CO) has a greater chance than PLC of triggering payments on corn and wheat base acres in 2024. Expected payment levels from ARC-CO are also projected higher than from PLC for corn and wheat. For soybean base, the estimated chances of payments and expected size of payments are much smaller than for corn or wheat, and relatively similar for both program options.

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Is Sustainable Aviation Fuel the Future of Ethanol?

U.S. ethanol consumption has been stagnant for almost a decade. Limitations on the blending of ethanol with gasoline and EPA discretionary waivers have prevented any large-scale demand growth for corn-starch…

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Latest Farm Policy News Articles

Drought Ends Along Mississippi River, For Now

WorkBoat’s Pamela Glass reported last week that “the U.S. Army Corps of Engineers has officially declared an end to the severe drought that disrupted barge transportation along the Mississippi River…

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Spring Crop Insurance Projected Prices Fall

Progressive Farmer’s Katie Micik Dehlinger reported Thursday that “the corn projected price for 2024 revenue protection policies is 27% lower than last year at $4.66 per bushel, while the soybean…

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USDA Raises 2024 Export & Import Forecast

The United States Department of Agriculture this week raised its fiscal year 2024 agricultural export and import forecasts by $1 billion each, holding steady its estimate of a $30.5 billion…

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Wildfires Threatening Texas Ag Producers

NBC News’ Patrick Smith reported Wednesday that “Texas farmers and ranchers are facing the ‘destruction’ of their livelihoods as a result of wildfires that have continued to rage through the…

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Government Shutdown Looms Amid Crop Insurance Deadline

Forbe’s Simon Moore reported Tuesday that “without passage of a budget or a continuing resolution, four appropriations areas of the U.S. government would shut down at midnight on March 1.…

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Temperatures Records Likely to be Broken

Fox Weather’s Emilee Speck reported Monday that “hundreds of temperature records – record highs and record-warm lows – are expected to fall through midweek, with Monday and Tuesday forecast to…

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