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Crop Insurance Summary of Business Tool
This program calculates crop insurance historical use and performance back to 1996.
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Analyzes the cost of completing fieldwork and generates machinery costs.
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Latest farmdoc Daily Articles
Decomposition of Changes in Net Worth
There are three major changes that contribute to an increase or decrease in net worth: change in retained earnings, change in contributed capital, and change in market valuation. Change in…
Spending Impacts of PLC and ARC-CO in House Agriculture Reconciliation Bill
The House Reconciliation Bill includes changes to statutory reference prices used to trigger payments from the Price Loss Coverage (PLC) program, as well as changes to Agricultural Risk Coverage (see…
Inflation and Food Price Update: May 2025
For a couple of years now, American households have navigated a challenging period of rising prices. While the recent Consumer Price Index (CPI) data for April indicates a welcome moderation…
Cost to Produce Corn and Soybeans in Illinois—2024
In 2024, the total of all economic costs per acre for growing corn in Illinois averaged $1,206 in the northern section, $1,251 in the central section for farmland with “high” soil ratings, $1,222 in the central section for farmland with “low” soil ratings, and $1,154 in the southern section. Soybean costs per acre were $890, $931, $885 and $863, respectively. Costs were lower in southern Illinois primarily because of lower land costs.
Trade Conflicts and Long-Term Consequences: Are Soybeans Doomed to Repeat History?
Trade disputes can be short-term disruptions, but history also suggests that even short-term disruptions can have lasting impacts—elevating new competitors and shifting the balance of global agricultural trade. The U.S.–China…
Reviewing the House Agriculture Committee’s Reconciliation Bill
Budget reconciliation has begun in the House of Representatives, with multiple committees releasing text and holding business meetings to mark-up the legislation. As part of that process the House Agriculture…
Latest Farm Policy News Articles
EPA Delivers Proposed RVOs to White House
Agri-Pulse’s Rebekah Alvey reported that “the Environmental Protection Agency has sent its next set of proposed biofuel volume mandates to the White House for review, signaling the long-delayed rule could…
House Ag Advances Budget Bill that Cuts SNAP Spending
Politico’s Grace Yarrow reported Wednesday night that “the House Agriculture Committee voted 29-25 along party lines to advance legislation that would cut as much as $300 billion in food aid…
US Retail Egg Prices Fell 12.7% in April
The Associated Press’ Dee-Ann Durbin reported that “U.S. retail egg prices fell in April from the record-high prices they hit earlier this year, according to government data released Tuesday. The…
House Ag Budget Plan Tightens SNAP, Expands Farm Safety Net
Agri-Pulse’s Philip Brasher and Rebekah Alvey reported that “House Republicans are proposing to cut $290 billion from nutrition assistance spending over the next 10 years and use some of the…
US & China Agree to Lower Tariffs for 90 Days
Bloomberg’s Jenny Leonard reported that “the US and China will temporarily lower tariffs on each other’s products in a dramatic ratcheting down of trade tensions that buys the world’s two…
US-UK Trade Deal Could Help American Ethanol and Beef
Progressive Farmer’s Chris Clayton reported that “ethanol will see lower tariffs selling into the United Kingdom and other agricultural products such as beef should also see greater market access under…