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Farm Projection Tool
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
Review of ARC-IC Farm Program Decision
Farmers who had low yields or prevent plant acres in 2019 may have enrolled in Agricultural Risk Coverage at the Individual level (ARC-IC) on select farms for the 2019 and 2020 program years. Farm program payments for the 2019 crop…
Assessing Risk and Variation in 2019 Farm Revenue and Expenses
There is a great deal of risk associated with production agriculture. Much of the management of the farm enterprise is oriented to mitigating or minimizing the various forms of risk present. Risk in production agriculture is associated with the uncertainty…
Pumpkin Patches during the Pandemic: How Agritourism Operations in Illinois are Coping with Covid-19
This year agritourism looks more different than ever before. Apple picking in a mask. Pumpkin patches with one-way signs. Pick up produce boxes instead of browsing at the farmers’ market. Socially distanced wine tastings. All across the state, Illinois agritourism…
The Changing Distribution of World Corn Production in the 21st Century
This article examines the changing distribution of world corn production since 2000. Data are from the US Department of Agriculture, Foreign Agriculture Service’s Production, Supply, and Distribution data base. This article is a companion to the farmdoc daily articles of…
Latest Farm Policy News Articles
USDA Agricultural Trade Outlook- FY 2021 U.S. Exports Forecast Up $11.5 Billion
On Monday, 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).
Factors Taming China’s Demand for Imported Pork, as Supplies Build in Europe
Wall Street Journal writer Lucy Craymer reported late last week that, “China’s voracious appetite for imported meat is starting to wane, as domestic pork prices fall and consumer worries grow about the coronavirus lingering on food.”
Chinese Demand, Dry Weather Help Spur Crop Prices
Wall Street Journal writers Ryan Dezember and Kirk Maltais reported last week that, “Dry weather, China’s push to fatten its pigs and the lockdown-induced baking bonanza are lifting prices for U.S. row crops.”
Ag Lender Survey: Liquidity, Income and Leverage Are Top Concerns
A news release this week from the American Bankers Association (ABA) stated that, “As the farm economy continues to work through a prolonged downturn in the midst of an unparalleled, global economic dislocation, ag lenders remain focused on credit quality,…
Federal Reserve Ag Credit Surveys- 2020 Third Quarter Farm Economy Conditions
Last week, the Federal Reserve Banks of Chicago, Kansas City and Minneapolis released updates regarding farm income, farmland values and agricultural credit conditions from the third quarter of 2020.
China’s Grain Buying Is “Rocking the Global Market”
Late last week, Reuters writers Hallie Gu, Maximilian Heath, and Naveen Thukral reported that, “Chinese feed producers, pig farmers and traders are reshaping the global grain market as they scour the world for supplies amid a domestic shortfall that sent local…
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