The 2019 growing season was a challenge for Illinois farmers. This webinar will focus on the financial results for 2019 from data from the Illinois Farm Business Farm Management (FBFM) Association. Attendees will learn about 2019 farm income and returns, cost of production and how the challenges of 2019 affected the financial position of Illinois farmers.
Gary Schnitkey, Nick Paulson and Jonathan Coppess from the farmdoc team will provide updates on the most recent issues in the wake of the coronavirus pandemic, including the state-of-play on various policies for assistance in response. The discussion will include potential impacts on commodities markets from the fallout around biofuels production, livestock feed demand and exports, as well as a review of current legislative and USDA policies and the potential impacts.
Join Extension specialists from the University of Illinois Departments of Crop Science and Agricultural and Consumer Economics to discuss management recommendations for 2020 related to insect pests, weeds, diseases, and commodity prices.
The webinar will review USDA’s March 31 Grain Stocks and Prospective Plantings reports and considers balance sheet and price implications for both old and new crop corn and soybeans. The USDA’s estimate of March 1 stocks of corn and soybeans will provide a clearer picture of total 2019-20 marketing year consumption, ending stocks, and price prospects. The report will be especially important for projecting the magnitude of domestic corn consumption for feed use. The magnitude of planting intentions will clarify prospects for the size of the 2020 corn and soybean crops with implications for the 2020-21 balance sheets and price prospects.
All information is available for the 2020 crop insurance decisions. We will give a run down of risk and returns for the 2020 year, looking at changes from last year. Use of Supplemental Coverage Option (SCO) will be discussed.
This webinar is sponsored by Compeer Financial which may be found at https://www.compeer.com/
Questions continue concerning the ARC/PLC decision that must be made for the 2019 and 2020 years by March 16, 2020. This webinar will provide examples of decision-making for specific farm situations. Latest information will be used in this webinar. Decisions must be made by March 15th. Sign up for your appointment with your Farm Service Agency (FSA) office.
NASS will release 2019 county yields for corn and soybeans on Feb 20th. These county yields, along with more up-to-date price information, will be used to refine ARC/PLC decisions for 2019 and 2020. Those counties that likely will make county yields will be identified. Farmers in some counties may wish to revise ARC/PLC choices baed on this information.
We will describe making the 2018 Farm BIll commodity title choices faced by South Dakota farmers. Those choices will involve enrolling an entire Farm Service AGency (FSA) farm in Agricultural Risk Coverage at the individual level (ARC-IC), or choose between…
The decision between ARC and PLC will be discussed in this webinar. Decisions between ARC-CO and PLC will be described for corn, soybeans, and wheat with examples. Situations in which ARC-IC fits will be discussed.
This webinar discusses the implications of the January Crop Production report and the December 1 stocks report. A detailed discussion of USDA’s December stocks report will provide a clearer picture of the impact on corn and soybean balance sheets. The webinar will review the USDA’s U.S. corn and soybean yield and production estimates for the 2019 crop year. An analysis of the production estimates combined with projections of marketing year consumption provide a basis for projections of the magnitude of year-ending stocks in the 2019-20 marketing year. The implications for marketing year average prices as well as the likely pattern of prices during the 2019-20 marketing year and beyond will be discussed with specific references to the pending trade deal with China.