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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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Latest farmdoc Daily Articles
Working Capital to Operating Expense – Another Measure of Liquidity
In an earlier article, we examined working capital to value of farm production for selected producer characteristics. Working capital to value of farm production is one of the traditional measures of liquidity suggested by the Farm Financial Standards Council (FFSC),…
The Distribution of CFAP Payments across Commodities and States
On September 11, the USDA closed applications (except in limited circumstances) for the Coronavirus Food Assistance Program (CFAP). This program was intended to compensate farmers for market losses concurrent to the ongoing coronavirus pandemic. USDA projected making $16 billion in…
Trade and COVID-19 Ad Hoc Payments by Commodity
This article examines the distribution by commodity of the $33 billion in payments by the Market Facilitation Program (MFP) announced in 2018 (MFP 2018), MFP announced in 2019, and Coronavirus Food Assistance Program announced in 2020 (CFAP 2020) (see Figure…
Cash Rents in 2020 and 2021 Projections
The National Agricultural Statistical Service (NASS) recently released state and county rents for 2020. In addition, the Illinois Society of Professional Farm Managers and Rural Appraisers released their projections of 2021 rents on professionally managed farmland. Overall, cash rents did…
Latest Farm Policy News Articles
China: Corn Crop Impacted by Adverse Weather, as U.S. Wheat and Soybean Exports Increase
Reuters writers Hallie Gu and Gavin Maguire reported on Wednesday that, “China’s corn crop is expected to fall by up to 10 million tonnes, or nearly 4%, from the latest government estimates after heavy wind and rains toppled crops in major…
Food Inflation Rose Sharply in Brazil- Highlighted by Rice and Soy Oil
The price of food has increased significantly in Brazil. The Broad Consumer Price Index (IPCA) rose 2.44% in 12 months, while food inflation rose 8.83%. More specifically, the price of rice increased 19.2% in 2020, and soy oil rose 18.6%,…
Executive Branch Highlights Ethanol in Waiver Denials and E15 Promise
Wall Street Journal writers Lindsay Wise and Andrew Restuccia reported on Monday that, “The Trump administration will deny oil refiners’ retroactive requests for exemptions from U.S. biofuel laws, a major boon for Iowa, the leading producer of biofuels and a…
China, South Korea Ban German Pork Imports (Japan Suspends), After African Swine Fever Case Discovered
Late last week, Bloomberg writers Megan Durisin, Brian Parkin, and Isis Almeida reported that, “A deadly pig disease has materialized in Germany for the first time, threatening to hammer exports from Europe’s biggest hog-producing nation.”
China Could Become Largest Corn Importer, While Soybean Variables Come Into Focus
Bloomberg News reported earlier this week that, “The corn harvest in [China] the world’s top producer after the U.S. is being closely watched as demand for hog and poultry feed expands and state reserves dwindle, pushing local prices to the…
President Trump Instructs EPA to Deny Retroactive (“Gap-Year”) SRE (Small-Refinery Exemption) Waiver Requests
Reuters writers Stephanie Kelly, Jeff Mason and Jarrett Renshaw reported on Tuesday that, “U.S. President Donald Trump has instructed that dozens of oil refiner requests for retroactive waivers from U.S. biofuel laws be denied amid concerns the issue could cut…
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