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Latest farmdoc Daily Articles

Biodiesel and Renewable Diesel: What’s the Difference?

Biomass-based diesel has long played an important role in compliance with the U.S. Renewable Fuels (RFS) mandates (e.g., farmdoc daily, July 19, 2017).  The two main types of biomass-based diesel…

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2023 and 2024 Effective Reference Prices and the Next Farm Bill

The reference price escalator was introduced in the 2018 Farm Bill and uses effective reference prices to calculate Price Loss Coverage (PLC) payments. Effective reference prices can exceed statutory reference…

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Smallest Cattle Herd in Eight Years: Will 2023 Set Record Prices?

The USDA’s January 1 cattle inventory report places the total number of cattle and calves at 89.3 million head, consistent with trade expectations for a 3% decline from a year…

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Long-Term Trends in Pigs per Litter

Key performance metrics for swine production include feed conversion, litters per sow per year, pigs per litter, and pounds of pork produced per sow per year.  All of these metrics…

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Returning to Troubled Waters, Part 3: A Detour Back to Congress

The Supreme Court’s consideration of Sackett v. Environmental Protection Agency (Docket No. 21-454; Gerstein, October 3, 2022) presents an opportunity to reconsider the Clean Water Act’s troubled definition of navigable…

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US Price Inflation – Indexing and Summary

This article summarizes the core points in three previous articles on US price inflation (farmdoc daily, January 11, 2023; January 18, 2023; January 25, 2023).  Also discussed is the current…

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Latest Farm Policy News Articles

2023 Farm Sector Income Forecast, February

The USDA’s Economic Research Service (ERS) indicated on Tuesday that, “Farm sector income is forecast to fall in 2023 following two years of strong growth.”

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Flow From Black Sea Grain Export Deal Slowed by Russia, ERS- Challenges for the Deal “Remain”

Bloomberg writers Kateryna Choursina and Aine Quinn reported on Monday that, “From his post at the mouth of the Black Sea, Ukrainian ship inspector Ruslan Sakhautdinov has seen his Russian…

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Tension With China, The Largest Market for U.S. Ag Exports

In prepared remarks at  a Senate Farm Bill hearing last week, Alexis Taylor, USDA’s Under Secretary of Trade and Foreign Agricultural Affairs, explained that, “With a population of 1.4 billion…

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For 10th Consecutive Month, World Food Prices Fall

Reuters writer Crispian Balmer reported today that, “World food prices fell in January for a 10th consecutive month, and are now down some 18% from a record high hit last…

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AMIS: Fertilizer Prices Down More Than 40% Since Last Spring; “Significant Price Declines” Continue, DTN

In its February Market Monitor report, the Agricultural Market Information System (AMIS) indicated that, “Fertilizer prices have declined by more than 40 percent since hitting record (nominal) highs last spring, especially…

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FAS Reports Highlight Brazil and Argentina Crop Production and Exports

The USDA’s Foreign Agricultural Service (FAS) indicated in a report this week, “Brazil: Grain and Feed Update,” that, “Brazilian agricultural production is expected to continue growing in 2023, maintaining the…

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