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Latest farmdoc Daily Articles

Changes in US Grain Storage Capacity

Grain storage infrastructure comes in many forms: bins, elevators, bunkers, and sheds. Storage infrastructure has at least two main uses. First, it enables farmers, commercial grain merchants, and end-users to hold commodity inventories over time. Storing grain to profit from…

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The New Enhanced Coverage Option (ECO) Crop Insurance Program

The Enhanced Coverage Option (ECO) is a new supplemental insurance program that will be available in 2021. ECO is an option that can only be added to an underlying individual plan of insurance and provides area-based coverage similar to the…

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Review of ARC-IC Farm Program Decision

Farmers who had low yields or prevent plant acres in 2019 may have enrolled in Agricultural Risk Coverage at the Individual level (ARC-IC) on select farms for the 2019 and 2020 program years. Farm program payments for the 2019 crop…

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Assessing Risk and Variation in 2019 Farm Revenue and Expenses

There is a great deal of risk associated with production agriculture.  Much of the management of the farm enterprise is oriented to mitigating or minimizing the various forms of risk present.  Risk in production agriculture is associated with the uncertainty…

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Pumpkin Patches during the Pandemic: How Agritourism Operations in Illinois are Coping with Covid-19

This year agritourism looks more different than ever before. Apple picking in a mask. Pumpkin patches with one-way signs. Pick up produce boxes instead of browsing at the farmers’ market. Socially distanced wine tastings. All across the state, Illinois agritourism…

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The Changing Distribution of World Corn Production in the 21st Century

This article examines the changing distribution of world corn production since 2000.  Data are from the US Department of Agriculture, Foreign Agriculture Service’s Production, Supply, and Distribution data base.  This article is a companion to the farmdoc daily articles of…

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Latest Farm Policy News Articles

USDA Agricultural Trade Outlook- FY 2021 U.S. Exports Forecast Up $11.5 Billion

On Monday, 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).

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Factors Taming China’s Demand for Imported Pork, as Supplies Build in Europe

Wall Street Journal writer Lucy Craymer reported late last week that, “China’s voracious appetite for imported meat is starting to wane, as domestic pork prices fall and consumer worries grow about the coronavirus lingering on food.”

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Chinese Demand, Dry Weather Help Spur Crop Prices

Wall Street Journal writers Ryan Dezember and Kirk Maltais reported last week that, “Dry weather, China’s push to fatten its pigs and the lockdown-induced baking bonanza are lifting prices for U.S. row crops.”

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Ag Lender Survey: Liquidity, Income and Leverage Are Top Concerns

A news release this week from the American Bankers Association (ABA) stated that, “As the farm economy continues to work through a prolonged downturn in the midst of an unparalleled, global economic dislocation, ag lenders remain focused on credit quality,…

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Federal Reserve Ag Credit Surveys- 2020 Third Quarter Farm Economy Conditions

Last week, the Federal Reserve Banks of Chicago, Kansas City and Minneapolis released updates regarding farm income, farmland values and agricultural credit conditions from the third quarter of 2020.

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China’s Grain Buying Is “Rocking the Global Market”

Late last week, Reuters writers Hallie Gu, Maximilian Heath, and Naveen Thukral reported that, “Chinese feed producers, pig farmers and traders are reshaping the global grain market as they scour the world for supplies amid a domestic shortfall that sent local…

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