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Crop Insurance Decision Tool – Spring 2023
This program calculates premiums, evaluates insurance payments, and provides historical data useful when making crop insurance decisions for multiple crops. Estimates are for crops in midwest and southeast states. Learn…
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Crop Insurance Decision Tool – Spring 2023
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Is the U.S. Renewable Fuel Standard in Danger of Going Over a RIN Cliff?
The U.S. Environmental Protection Agency (EPA) is responsible for proposing and enforcing annual renewable volume obligations (RVOs) for the U.S. Renewable Fuel Standard (RFS) that underpin the renewable diesel boom…
Comparing Crop Insurance Net Farm Indemnities and Crop Production Profits
We compare net crop insurance indemnities paid to farmers with private market net returns from producing barley, corn, cotton, oats, peanuts, rice, sorghum, soybeans, and wheat over the 2009-2022 crop…
An Estimate of Winter Wheat Production
Introduction On May 12, 2023, the National Agricultural Statistics Service (NASS), released their May estimate of winter wheat crop production. NASS is forecasting U.S. production of 1.13 billion bushels which…
Peering Over the Cliff: Perspectives on Addressing the Federal Budget from the Gardner Food and Agricultural Policy Survey
As of this writing, President Biden and House Speaker McCarthy have yet to reach a deal to avoid a first-ever default on the national debt (Hayes and Chowdhury, May 24,…
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USDA- Economic Research Service Report Highlights U.S. Soybean Production
Last week, the USDA’s Economic Research Service (ERS) released a report titled, “Characteristics and Trends of U.S. Soybean Production Practices, Costs, and Returns Since 2002.” Today’s update includes highlights from…
DTN: “Fertilizer Prices Mostly Higher for First Time Since November”
DTN writer Russ Quinn reported last week that, “According to retail fertilizer prices tracked by DTN for the fourth week of May 2023, fertilizers are mostly higher.”
FAO Food Price Index at Two-Year Low
Bloomberg writers Agnieszka de Sousa and Aine Quinn reported on Friday that, “Global food costs fell to the lowest level in two years in May, reviving hopes that sticky inflation…
U.S. Requests USMCA Dispute Settlement Consultations on Mexico’s Ag Biotech Measures
Kristina Peterson reported in Saturday’s Wall Street Journal that, “The U.S. on Friday stepped up its efforts to get Mexico to ease its restrictions on genetically modified corn, after more…
Federal Reserve: Observations on the Ag Economy- May 2023
On Wednesday, the Federal Reserve Board released its May 2023 Beige Book update, a summary of commentary on current economic conditions by Federal Reserve District. The report included several observations…
U.S. Agricultural Exports in Fiscal Year 2023 Forecast Down, Lower Grain Exports Expected
On Wednesday, the USDA released its Outlook for U.S. Agricultural Trade, a quarterly report from the Department’s Foreign Agricultural Service (FAS) and Economic Research Service (ERS).