Is the Price of Biomass Right for You? Calculating Your Cost of Producing Crop Residues and Energy Crops Madhu Khanna, Nick Paulson and Tom Voigt With emerging technologies for bioenergy production, demand for biomass from corn stover and energy crops, like miscanthus and switchgrass, is expected to grow. What is the yield and cost of producing these bioenergy feedstocks at different locations in the US? At what price would it be profitable to produce them? How will the Biomass Crop…
Darrel Good, Scott Irwin and John Newton review USDA’s March 31, Grain Stocks and Prospective Plantings reports and consider 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 2014-15 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…
The webinar will provide in-depth analysis using the online resources and calculators for the program choice between ARC-CO and PLC + SCO. The deadline for the decision is March 31 and this webinar will use the online payment estimates, calculators and other resources to help producers make the decision. Updated yield and price information will be presented and factored into the program analysis, with updated payment estimates and program comparisons.
Projected returns and costs for the 2015 production years will be presented for corn and soybeans. The 2015 projections will be compared to historical results. Incentives to switch acres from corn to soybeans will be examined. Preliminary income projections for 2015 and strategies for dealing with lower incomes will be discussed. Gary Schnitkey, Professor and Nick Paulson, Associate Professor, Department of Agricultural and Consumer Economics, University of Illinois
Gary Schnitkey, Bruce Sherrick and Nick Paulson from farmdoc at the University of Illinois provide advice or making 2015 crop insurance decisions given lower projected prices and new government programs. Special focus on Supplemental Coverage Option, Yield Exclusion, and Beginning Farmer Discount. This is the 1st event in the farmdoc 2015 Spring Webinar Series.
This webinar reviewed the details for ARC-CO, ARC-IC, PLC and SCO. By March 31st, producers must decide which program(s) will operate on their farms for the life of the 2014 Farm Bill. The decision is irrevocable after the deadline passes and this webinar will review the details of the programs, compare operational features and demonstrate the online resources available to help make the decision.
This webinar reviewed the landowner decisions regarding updating payment yields and reallocating base acres. By February 27th, landowners have to decide whether or not to update their farm’s payment yields and whether they want to reallocate the base acres on their farm. This webinar will walk through the decision, as well as provide demonstrations of the online tools and resources. The webinar also provided analysis relevant to making the decisions.
Many questions exist on documentation required for updating yields as part of the 2014 Farm Bill. Stan Wilson with the Illinois Farm Service Agency will provide explanations on documentation required for yield updating. Stan also will take questions toward the end of the webinar.
Illinois Corn is sponsoring this webinar which will detail the three decisions associated with commodity programs in the 2014 Farm Bill. These decisions are 1) keep or update yields, 2) retain or reallocate base acres, and 3) choose a program to receive commodity program payments. Commodity program choices are Agricultural Risk Coverage at the county level (ARC-CO), Price Loss Coverage (PLC), and ARC at the individual farm level (ARC-IC). General advice will be given. Landowners generally will choose the yield…
Outlook for Corn and Soybean Prices Following the USDA's 2014 Final Production and December 1 Stocks Estimates. This webinar will review the USDA estimates released on January 12, 2015 and consider the implications for corn and soybean prices.