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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
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…
The Other Side of the Seventies
The 1980s was a devastating time for American farmers, considered the worst economic crisis since the Great Depression. As discussed previously, the early 1970s provided the catalyst for the 1980s crisis via the Nixon soybean embargo and Russian grain transactions…
Historical Prevent Planting Payments: Implications for 2019
Historical data is used in this article to arrive at estimates of prevent planting payments in 2019. Based on historical information, per acre payment rates of $308 per acre for corn and $138 per acre for soybeans seen reasonable. Then,…
Will Pork Producers Have a Profitable Year?
The pork outlook started this year on a downbeat, then in March and April markets recognized that African swine fever in China could cause global pork shortages and lean futures and industry optimism sailed upward. Summer lean futures exceeded $100,…
Latest Farm Policy News Articles
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…
Corn, Soybean Production Concerns; While Chinese Tariffs Continue for Second Year
The challenges presented by the extraordinarily bad weather this spring, which have already clouded the production outlook for 2019, continue to plague many farmers as the summer growing season unfolds across the Corn Belt. Meanwhile, Saturday marked the one year anniversary…
USDA Under Secretary Bill Northey Discusses Prevent Plant Acres and Trade Aid
Bill Northey, the USDA Under Secretary for Farm Production and Conservation, was a guest on Friday’s “Adams on Agriculture” radio show with Mike Adams. Today’s update highlights the parts of Friday’s discussion that focused on prevent plant acres and market…
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