Ag Industry Support Not Expected to Continue Indefinitely
There is no expectation that the significant federal support the agricultural industry has received over the past four years will continue in 2022.
Tag: FarmDoc Daily
Diesel and Labor Costs Drive Machinery Costs Higher
Every other year, University of Illinois ag economists update their projected costs of machinery, and for 2021 the costs would have been much higher had interest rates not been so low.
U.S. Corn Producers May Find Eager Brazilian Buyers
Corn growers in the United States may find an interesting partner in the export market soon: Brazil.
Declines in Meat Consumption Highlight Challenge for Corn
One of the largest customers for U.S. corn is the livestock feeding industry, accounting for 40 percent of all purchases while the industry gobbles up more than 60 percent of domestic soybean production.
Odds Favoring Lower Corn and Soybean Prices Ahead
Agricultural economists at the University of Illinois are trying to determine the potential for lower harvest time prices on corn and soybean futures contracts.
Cattle Feeders Face Uncertainty as Corn Prices Rally
In just 90 days, July 2021 corn futures increased almost $2 per bushel bringing relief to row-crop producers struggling from low prices, but providing a new challenge for livestock feeders facing lower beef prices.
Brazilian Soybean Growers Experiencing a Ten-fold Production Increase
Soybean production in Brazil over the past 30 years has increased almost ninefold according to data from the National Supply Company and presented by the University of Illinois’ FarmDoc.
Economist Concerned Regarding Growing Levels of Agricultural Debt
The importance a farmer puts on monitoring their debt level continues to be increasingly important in this period of lower margins.
RFS Taking Center Stage in Supreme Court Hearing
The Renewable Fuels Standard has experienced more than its fair share of litigation over the course of its 15-year existence but had never reached the Supreme Court, until January.
Biofuel Plants Convert Grain to Ethanol More Efficiently
Over the past ten years, ethanol producers have become increasingly more efficient in converting grain to ethanol.
Organic Producers Struggle But Report Higher Net Returns
Farmers who transition from conventional to certified organic grain report higher net returns per acre, that’s according to a recent report from Purdue University’s Center for Commercial Agriculture.
If History Repeats, Next Farm Bill Increasing Payments
Since 1973, US farm program payments follow a process of moving from one regime or plateau to another, with the move occurring in a one to two year period.