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Latest farmdoc Daily Articles

Weather and the 2020 Illinois Corn and Soybean Crops

What a difference July rainfall makes. The U.S. Drought Map based on data through July 28 showed that only six percent of Illinois was rated as abnormally dry or with moderate drought, down from nearly 19 percent two weeks earlier.…

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Release of 2021 Crop Budgets

Planning for the 2021 crop will begin soon with the determination of 2021 cash rents, selection of 2021 seed hybrids and varieties, application of fertilizers and commencement of fall tillage. To aid with these decisions, Illinois Crop Budgets for 2021…

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Soybean Crop Potential Tempering Demand News

Soybean prices seem likely to vacillate between news on crop conditions and more robust demand prospects over the near term.  USDA’s Crop Production report, due out August 12, holds the potential to be an inflection point if the 2020 soybean…

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Production Controls & Set Aside Acreage Discussion, Part IV: Reviewing PIK Policies

In reviewing set aside acreage policy, previous articles focused on world crop markets and, in particular, the issues concerning effectiveness of the policy for corn and soybeans. This article adds to the series by focusing on the Payment-in-Kind (PIK) programs…

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Ad Hoc Payments: A Leading Indicator of Farm Policy Change

Since 1973, US farm program payments follow a process of moving from one regime or plateau to another, with the move occurring in a one to two year period. Two times since 1973 farm payments have increased to a higher…

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Crop Insurance Performance in 2019

Late and prevented planting were prevalent across the Midwest in 2019. Prevented planting payments made up about one-third of total crop insurance payments, and those counties with large amounts of prevented plantings also had higher insurance payments than counties with…

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Latest Farm Policy News Articles

Department of Energy Finishes Recommendation on Retroactive RFS Exemption Requests

Reuters writer Stephanie Kelly reported this week that, “The U.S. Department of Energy has recommended that some of the oil refiners that applied for retroactive exemptions from the nation’s biofuel blending law be granted partial relief, two sources familiar with…

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U.S., China to Discuss Phase One Trade Deal Later this Month

Lingling Wei and Bob Davis reported in today’s Wall Street Journal that, “The U.S. and China have agreed to high-level talks on Aug. 15 to assess Beijing’s compliance with the bilateral trade agreement signed early this year, according to people…

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New Locust Clouds Appear in Argentina and Country Declares State of Agricultural Emergency

The Argentine Ministry of Agriculture recently decreed a state of agricultural emergency after receiving an alert for a new locust cloud.  Currently, there are four monitored regions: Formosa, Chaco, Salta and Entre Ríos provinces.

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China Makes (Another) Record U.S. Corn Purchase in July, But Achieving Phase One Targets May Still be a Stretch

Bloomberg writers Elizabeth Rembert and Michael Hirtzer reported last week that, “China took another step toward meeting agricultural commitments made in the phase one trade agreement with the U.S. with its biggest-ever purchase of American corn.”

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Senate Releases Draft COVID Relief Measure (HEALS Act), a Follow-Up to CARES Act, but Different From House Passed HEROES Act

Washington Post writers Erica Werner, Jeff Stein and Seung Min Kim reported earlier this week that, “A fraught showdown over the next coronavirus relief bill got underway Monday as Senate Republicans unveiled a $1 trillion package [the Health, Economic Assistance,…

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China Requires Covid-19 Tests on Meats and Calls for Mass Testing of Brazilian Meatpackers

Last week, the National Health Commission of China published a series of guidelines for the meat processing industry from several countries, such as Brazil. One includes the requirement for nucleic acid testing to identify the new coronavirus in fresh products.

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