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Coronavirus and Ag

The farmdoc team discusses the impact and influence of the Coronavirus on farmers and agriculture.  As we learn more we'll update this page with articles and videos to help inform…

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Latest farmdoc Daily Articles

Seasonal Price Rally in Soybeans

Typically, November soybean futures prices see a bit of a rally in June. Hopes grew recently for a similar rally this year. The potential for any such price movement rests on the 2020 crop and export prospects.

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Making CFAP Applications for Grain Farms

The Coronavirus Food Assistance Program (CFAP) will provide payments to producers of agricultural commodities suffering losses due to the Coronavirus and COVID-19 control measures. Herein, we discuss the CFAP application process, building on general information provided in a May 22,…

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Contemporaneous Perspective on US Federal Debt

Congress has authorized $2.7 trillion in spending to address health and economic issues arising from the COVID-19 pandemic. Government assistance is clearly warranted based on experiences in other sharp market contractions, including the 2008 Great Recession. However, the US has…

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Corn Prices Range-Bound or Down?

July corn futures prices hovered between $3.15 and $3.25 since late April. Corn prices continue to stay within a relatively narrow range and that pattern may remain for the next several weeks. The potential for prices to move out of…

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Coronavirus Food Assistance Program (CFAP) Rules Announced

On Wednesday May 20th, the USDA released more information on the Coronavirus Food Assistance Program (CFAP).  In today’s article we provide a broad overview of the CFAP and how payments will be determined for the major eligible non-specialty crops, livestock,…

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Climate Change & Agricultural Impacts in Illinois

Global warming describes an observed increase in the global average temperature over the last 100 to 150 years. Illinois’ climate has changed over that time period in response to global warming. The last century of climate change in Illinois has…

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Latest Farm Policy News Articles

Federal Reserve: Observations on the Ag Economy- May 2020

On Wednesday, the Federal Reserve Board released its May 2020 Beige Book update, a summary of commentary on current economic conditions by Federal Reserve District. The report included several observations pertaining to the U.S. agricultural economy.

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Phase One Purchases Behind Schedule, as China Halts Some U.S. Farm Imports

David J. Lynch and Emily Rauhala reported on the front page of Saturday’s Washington Post that, “President Trump on Friday leveled an extraordinary broadside at the Chinese government, accusing it of a comprehensive ‘pattern of misconduct’ and ordering U.S. officials…

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COVID-19 Impacts on Livestock Markets Persist, While Fed Says Ag Sector “Under Severe Stress”

Recent news articles continue to highlight the ripple effects COVID-19 is having on some aspects of the U.S. livestock market.  Meanwhile, the minutes from the Fed’s April meeting noted that, “The agricultural sector was under severe stress due to falling…

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China Reiterates Pledge to Implement Phase One Agreement

Bloomberg News reported yesterday that, “China reiterated a pledge to implement the first phase of its trade deal with the U.S. despite setbacks from the coronavirus outbreak, and as tensions escalate between the world’s two biggest economies.”

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Biofuel Issues Abound: Blending Quotas, RFS Waivers, COVID-19 Relief for Ethanol, and Gasoline Demand

Earlier this week, Bloomberg writer Jennifer A Dlouhy reported that, “The Environmental Protection Agency has drafted a plan to slightly lift biofuel-blending targets next year, while so far skirting potentially controversial decisions about exempting refineries from U.S. mandates to use…

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USDA Announces Details of Coronavirus Food Assistance Program (CFAP) Aid Payments

Bloomberg writers Mike Dorning and Teaganne Finn reported yesterday that, “President Donald Trump announced rules Tuesday for a $19 billioncoronavirus farm aid package covering a broad swath of U.S. agriculture that producers can begin claiming by next week.”

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Follow these social media channels for all the latest ag commentary from Keith Good - the farmdoc social media director. Also includes general updates on farmdoc publications and events (Twitter and Facebook channels).

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