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With this program, the user can (1) estimate the costs of planting corn and soybeans by planting date, (2) estimate the net returns from replanting, (3) prevented planting payments, and (4) compare crop rotations.
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Latest farmdoc Daily Articles
Beef Herd Expansion Near End?
Looking back a decade or so, the high feed price era from 2007 to 2013 caused downsizing of the beef industry. Beef cow numbers reached a low in 2014 which resulted in record high finished cattle prices near $148 per…
Components of Net Worth
The March 15, 2019 farmdoc daily reviewed ‘Accumulating Liabilities’ in the balance sheet of a group of observations in the Illinois FBFM Association dataset from 2013 to 2017. The May 17, 2019 farmdoc daily reviewed ‘Accumulating Assets’ in a similar…
The Debt Limit: A Saga of Self-Inflicted Trouble
The warning sirens have sounded once again; the full faith and credit of the United States government is at risk of a default unless Congress raises the debt limit. This is merely the latest edition in a long-running saga of…
Release of 2020 Crop Budgets, Revised 2019 Budgets, and Up-dated Revenues and Costs
Crop budgets for 2020 have been released and made available on farmdoc. In addition, 2019 budgets have been revised in light of wet weather and late planting. Overall, low returns are projected in 2019 and 2020, particularly for soybeans. Current…
Corn Prices Heating Up
Despite the USDA raising 2018-19 marketing year ending stocks for corn in last Thursday’s WASDE report, corn prices moved higher to end the week. December corn futures prices returned to the levels seen before the surprising June Acreage report. Strengthening…
Impact of Higher Corn Prices on Swine Finishing Feed Cost
Corn price futures for the December 2019 contract increased from $3.79 per bushel for the week ending May 10 to $4.55 for the week ending June 28. Even though corn futures prices weakened after the release of the June crop…
Latest Farm Policy News Articles
Kansas City Fed Update: Ag Lending Variables; Farmland Values Relatively Steady
Nathan Kauffman and Ty Kreitman indicated in a recent update from the Federal Reserve Bank of Kansas City (“Large Loans Drive Further Increases in Farm Lending”) that, “Growth in the average size of farm operating loans boosted agricultural lending in…
China Plans Purchase of U.S. Farm Products, According to Reports
Since U.S., China trade negotiations resumed late last month, conflicting perspectives have emerged with respect to China’s promise to purchase large amounts of U.S. farm products. Today’s update highlights recent news reports that discuss developments in U.S., China trade talks,…
Federal Reserve: Observations on the Ag Economy- July 2019
On Wednesday, the Federal Reserve Board released its July 2019 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.
FAO Report on World Hunger: More Than 820 Million People Are Hungry
Earlier this week, the Food and Agriculture Organization of the United Nations (FAO) released a report titled, “The State of Food Security and Nutrition in the World 2019.” Today’s update includes highlights from the FAO report.
Conflicting Perspectives on China’s Promise to Purchase More U.S. Farm Goods
Recent news reports have noted that U.S., China trade negotiations have been revived, but that China has yet to move forward with large U.S. agricultural purchases, as promised by President Trump. Separately, news items last week also discussed recent U.S.…
OECD‐FAO Agricultural Outlook 2019‐2028: Focus on Corn and Soybeans
A news release on Monday from the Food and Agriculture Organization of the United Nations stated that, “Global demand for agricultural products is projected to grow by 15 percent over the coming decade, while agricultural productivity growth is expected to…
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