Given clearer yield forecasts, 2016 net incomes for grain farms can now be forecast with more accuracy. Net incomes in 2016 will continue to be low. Current future prices for 2017 also point to low net incomes in 2017. Cash rents and land values will be discussed given these income forecasts.
The webinar reviewed the USDA’s U.S. corn and soybean yield and production forecasts released on August 12. The production forecasts will be combined with projections of marketing year consumption in order to project the magnitude of year-ending stocks. The implications for marketing year average prices as well as the likely pattern of prices during the 2016-17 marketing year will be discussed.
Darrel Good and Scott Irwin reviews the USDA estimates released on the previous day and the implications for both old crop and new crop balance sheets for corn and soybeans. The USDA’s estimate of June 1 stocks of corn and soybeans will provide a clearer picture of total 2015-16 marketing year consumption and ending stocks. The report will be especially important for projecting the magnitude of domestic corn consumption for feed use. The magnitude of planted acreage, along with our…
This webinar, Crop Price Implications of USDA Grain Stocks and Prospective Plantings Reports by Scott Irwin and Darrel Good reviewed the USDA’s March 1 Grain Stocks estimates for corn and soybeans as well as producer planting intentions for 2016 as revealed in the Prospective Plantings report. The supply, demand, and price implications for the remainder of the 2015-16 marketing year and for the 2016-17 marketing year was discussed.
Crop insurance decisions for 2016 was discussed during this webinar along with forecasts of projected 2015 county-level ARC payments. The overall risk environment for 2016 and beyond was also described by Gary Schnitkey, Professor and Nick Paulson, Associate Professor, Department of Agricultural and Consumer Economics, University of Illinois