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US Average Farm Price Received Database

Average farm price received data, for multiple commodities, in the US for the period 1960 to present. File is Microsoft Excel format.
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lllinois Average Farm Price Received Database

Average farm price received data, for multiple commodities, in the state of Illinois for the period 1960 to present. File is Microsoft Excel format.
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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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Latest farmdoc Daily Articles

Assessing the Profitability of U.S. Commercial Banks Participating in Agricultural Lending

In the fourth quarter of 2023, on average, commercial banks specializing in agricultural lending reported higher Return on Average Assets and were more cost-efficient than non-agricultural banks. However, non-agricultural banks reported a higher average Net Interest Margin (NIM). Within both lending specializations, the average NIM and Efficiency Ratio (ER) decrease as the bank asset size increases. Overall, the banking sector remains resilient in the US.

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Where Might Nitrogen Fertilizer Prices Be Headed?

After record farm incomes in 2021 and 2022, commodity prices have declined while input costs have remained elevated resulting in a margin squeeze and much lower incomes in 2023 and…

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Fair Fare? US Consumers’ Perceptions of Food Pricing ‘Fairness’ in Restaurants and Grocery Stores

Although measures of inflation have cooled, food prices are still high, and consumers continue to be frustrated. In this farmdoc daily article, we explore to what extent consumers’ feel food prices are fair and what reasons for price increases they find acceptable. We find that, although frustrated by high prices, most consumers felt prices were at least somewhat ‘fair’ at grocery stores, though consumers were generally less impressed with pricing at restaurants, in particular, fast food.

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How the Composition of U.S. Commercial Banks Participating in Agricultural Lending has Changed Since 2007

It is evident that in almost two decades, commercial banks participating in agricultural lending have experienced significant changes. The increase in agricultural loans held by both ag and non-ag commercial banks reflects the evolving nature of the commercial banking industry and the ag sector. Despite the overall decline in the number of commercial banks over the period, banks specializing in agricultural lending have managed to expand their market share, and the volume of loans issued.

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Cotton STAX and Modified Supplemental Coverage Option: Concerns with Moving Crop Insurance from Risk Management to Income Support

The Farm Bill version reported by the House Agricultural Committee would modify Supple-mental Coverage Option (SCO), a crop insurance policy that provides county-level coverage. Be-cause the modifications proposed for SCO would make it very similar to the STAX insurance pro-gram for cotton, we evaluate the historical performance of STAX to provide indications of how modified SCO could operate.

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Commodity Program Base Acre Update: Overlooked Issues

Current working public versions of both the House and Senate Farm Bills contain a voluntary base acre update option for farms with fewer base than planted acres. This article examines three little-discussed issues with this type of update: (1) length of the update window, (2) fairness for max FSA farms, and (3) wealth creation from adding base for non-based acres. Moreover, this type of update does not solve the underlying planting vs. base issue; it only temporarily resets it.

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Latest Farm Policy News Articles

U.S. Farmers Holding On To Large Corn and Soybean Stocks

Reuters’ P.J. Huffstutter and Karl Plume reported Monday that “after stockpiling crops for much of this season due to low prices, many farmers in the world’s largest corn-producing nation continue…

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Ag Groups Suing Over Biden Emissions Rules

Reuters reported Tuesday that “the top U.S. oil and corn industry lobby groups said on Tuesday they were suing the administration of President Joe Biden over its plans to slash…

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EU Adopts ‘Nature Restoration Plan’ Despite Ag Opposition

The Associated Press’ Samuel Petrequin reported that “European Union countries on Monday gave final approval to a major and long-awaited plan to better protect nature in the 27-nation bloc, a…

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Despite Progress, Farm Bill Passage Growing More Unlikely in 2024

Despite recent progress on the 2024 Farm Bill — including passage of the House Agriculture Committee’s version of the bill and competing frameworks released in the Senate Agriculture Committee —…

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House Subcommittee Approves Ag Funding Bill

E&E News’ Marc Heller reported earlier this week that “House appropriators Tuesday approved their annual agriculture spending bill for fiscal 2025 that would cut programs related to climate change and…

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SNAP Participation Up, Spending Down in 2023

Participation in the Supplemental Nutrition Assistance Program (SNAP) increased 2.3% in 2023 to an average of 42.1 million people each month, while total federal spending on the program decreased 5.6%…

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