According to university farm economists across the Midwest, 2019 is the year where farmers need to scrutinize their crop expenses, and see where they can cut costs to improve their net return per acre. Currently, the projected fall prices for corn and soybeans are mid-$3's and mid-$8's,...
I recently attended one of the 2018 Farm Economic Summit meeting and heard a presentation given by Dr. Scott Irwin, Dept. of Agricultural & Consumer Economics at University of Illinois. In this talk, we were shown the...
A lot of this year's harvested corn is going into big grain bags on the ground for temporary storage till more permanent storage is available. Here are some helpful tips from Dr. Klein Ileleji at Purdue University on how to manage grain stored in the field in grain storage bags. Locate the bags...
This is the title of an article authored by agricultural economists from the University of Illinois and the Ohio State University. The Market Facilitation Program (MFP) is an effort by the USDA to provide aid to farmers because of trade disputes with our major foreign grain buyers. It has been...
It must be August, because my office phone has been lighting up with calls from farmland owners wanting to know about the direction of cash rent values for lands here in east-central Illinois. This is never easy to answer, because no one can accurately forecast the future. Currently at this moment...
In a recent article in University of Illinois Farmdoc Daily, a group of University of Illinois agricultural economists along with a colleague from the Ohio State University looked into the factors that play a role in explaining price movement in cropland prices.In summarizing the results of their...
In agriculture, we heart a the term "soil health", which has been used for about five years, now. Yet what does it mean. the USDA Natural Resource Conservation Service (NRCS) defines soil health as "the continued capacity of...
At the recent Illinois Farm Economic Summit (IFES) meetings, Drs. Nick Paulson and Dale Lattz of the farmdoc team shared the results of two studies that highlighted the differences in profitability between the top third and bottom...
Here in central Illinois, we have had over ten days of open, dry harvest weather. This has been great for farmers wanting to get their crops harvested. However, this is leading to overly dry crops, especially soybeans harvested at moistures less than 10 percent moisture. It is an unfortunate...
2017 has provided this part of Illinois with another "interesting" growing season. According to the latest U.S. Drought Monitor map from the USDA and NOAA, a portion of central Illinois stretching from southern Champaign County through parts of DeWitt, Piatt, Logan, Sangamon, Cass and Morgan to the...
