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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
Comparing Livestock Productivity Since 1993
While not the most encompassing measure of crop productivity, yield, or production divided by land, is easy to compute. Research confirms its value as farms with consistently higher yields are found to be more profitable over time. In addition, since…
The Implications of Late Planting for the 2019/20 Corn Balance Sheet
USDA’s release of the Crop Progress report on May 20 showed corn planting at 49 percent nationally. The planting progress in numerous major corn producing states lags behind historical averages significantly. The implications for corn acreage and yield are potentially…
International Benchmarks for Soybean Production
Examining the competitiveness of soybean production in different regions of the world is often difficult due to lack of comparable data and agreement regarding what needs to be measured. To be useful, international data needs to be expressed in common…
Corn Price Increases and Prevented Planting
This article documents the very late planting that is occurring in 2019, leading to the prospects of lower yields and higher than normal prevented planting from crop insurance. As a result, one suspects that corn prices will increase. For many…
Time to Price 2019 Soybeans?
Recent soybean price volatility highlights the uncertainty underpinning the soybean market. The sudden drop last Friday gives an indication of the fragility of the current soybean market, in particular. The following factors bear watching for possible pricing opportunities during the…
Accumulating Assets
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. While that article considered the changes to debt on the balance sheet…
Latest Farm Policy News Articles
Trump Administration Announces Additional Trade Aid to Farmers
Wall Street Journal writer Josh Zumbrun reported on Thursday that, “The Trump administration said it would spend $16 billion to offset the impact on American agriculture from the trade conflict with China, with most of the money taking the form of…
African Swine Fever Continues to Disrupt Markets
Recent news articles and government reports show that African Swine Fever (ASF) continues to have a disrupting impact on soybean and pork markets. Today’s update highlights key points from several of these sources.
Welcome News on Trade, But Unresolved Issues Linger
Executive branch policy action last week resulted in some very welcome good news for U.S. agriculture. Metal import tariffs on Canada and Mexico were lifted, improving the outlook for the USMCA Agreement, and a decision to apply U.S. tariffs on…
U.S., China Trade Dispute Escalates, While Some Trade Aid Details Emerge
The U.S., China trade dispute escalated this week, weighing on some agricultural markets. Meanwhile, news reports indicate that the executive branch is working on additional trade aid for farmers negatively impacted by the ongoing dispute. Today’s update highlights these…
Federal Reserve Ag Credit Surveys- 2019 First Quarter Farm Economy Conditions
Last week, the Federal Reserve Banks of Chicago, St. Louis and Kansas City released updates regarding farm income, farmland values and agricultural credit conditions from the first quarter of 2019. And earlier this year, the Federal Reserve Bank of Dallas released…
U.S., China at Trade Impasse- President Trump Offers Policy Help for Farmers
Last week, the United States made good on a threat to increase trade tariffs on China. Some agricultural markets roiled on the news, and President Trump offered policy assistance to U.S. farmers in a series of Tweets on Friday morning.…
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