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Latest farmdoc Daily Articles

Evaluating Returns Necessary to Justify Installation of Tile Drainage

Tile drainage improves yields on most installations by reducing moisture from fields. Herein, we present a methodology for determining the yearly break-even benefit required to cover the installation investment in…

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Tempered Expectations for 2022/23 Supply and Demand for Corn and Soybeans

Following the 2022 US harvest, corn and soybean prices remain at historically high levels. Nearby futures prices at the close of trade on November 28 are $6.69/bushel for corn and…

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Crop Production in Brazil Outpaces Storage Capacity

While Brazil hits successive records in grain production, Brazilian farmers face an old problem: a deficit in grain storage. The Brazilian government projects national grain output will be 313 million…

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Historic Cost Declines After Price Declines

Corn prices declined from high levels in 2012 to much lower levels in 2013 through 2019. In this article we examine production cost declines which occurred after the 2012 price…

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US Feed Grain, Oilseed, and Food Grain Land since 1980

The farmdoc daily article of November 16, 2022 documented an increasing gap between the growth in consumption and growth in yield of world feed grains, oilseeds, and food grains.  More…

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Rising Interest Rates – What to Consider on Your Farm

As the Federal Reserve has raised interest rates in response to rising inflation (farmdoc daily, October 12, 2022), the average Illinois grain farm has various things to consider when analyzing…

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Latest Farm Policy News Articles

House Moves on Rail Dispute, as U.S. and Mexico “Tangle” on GMO Corn

Lauren Kaori Gurley and Liz Goodwin reported on the front page of today’s Washington Post that, “The House voted Wednesday to force a deal between freight rail carriers and unions,…

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Federal Reserve: Observations on the Ag Economy- November 2022

On Wednesday, the Federal Reserve Board released its November 2022 Beige Book update, a summary of commentary on current economic conditions by Federal Reserve District. The report included several observations…

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Congressional Leaders Pledge Action to Avert Rail Strike; Mexico’s Planned Ban on U.S. GMO Corn Imports Percolates, While U.S. Wheat Condition in Focus

Lauren Kaori Gurley reported on the front page of today’s Washington Post that, “Democratic leaders vowed to take up legislation to force a rail contract deal early Wednesday, despite objections…

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USDA Lowers FY 2023 Forecast for U.S. Agricultural Exports

On Tuesday, 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).  Today’s update includes highlights…

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As Rail Strike Looms, Pres. Biden Calls on Congress to Act, While U.S. Threatens Legal Action on Mexico’s Planned Import Ban of U.S. GMO Corn

Esther Fung and Andrew Restuccia reported in today’s Wall Street Journal that, “President Biden called on Congress to pass legislation that would avert a rail shutdown by imposing a proposed contract…

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China Protests Contribute to Global Demand Fears

Lingling Wei, Brian Spegele and Wenxin Fan reported on the front page of today’s Wall Street Journal that, “Protests are erupting in major cities in China over President Xi Jinping‘s zero-tolerance…

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