Illinois farmers traditionally have used Revenue Protection (RP) at high coverage levels as their main choice of crop insurance. Continued use at high levels seems warranted in 2022, given the large increase in production costs. Adding the Supplemental Coverage Option…

Many of you are in the midst of preparing financial statements for 2022.  It is important to take the time to prepare a complete and accurate set of financial documents that include an accrual income statement and a balance sheet. …

Corn and soybean prices have shown remarkable resilience in 2021. During the 2020-21 marketing year, nearby futures prices peaked in May 2021 at over $7.50 per bushel for corn and $16 per bushel for soybeans. This rally was caused by…

Traditionally, grain transportation costs in Brazil have been much higher than in the United States, giving a competitive advantage to American production. Much of the reason for this advantage is poorer transportation infrastructure in Brazil. However, Brazil has been improving…

The Post Application Coverage Endorsement (PACE) provides payments when a farmer cannot apply nitrogen to corn after planting because of weather-related causes. Some farmers indicate they do not rely on post-plant nitrogen applications because of the risk of not being…

This article discusses payments made by ARC (Agriculture Risk Coverage) and PLC (Price Loss Coverage) commodity programs for the 2020 crop year.  USDA, FSA (US Department of Agriculture, Farm Service Agency) recently released these payments for all covered program commodities…