Agriculture

Black swans flying over a field

Are black swans circling over Illinois farm fields?

I recently read an article in an ag publication entitled, “Are the Black Swans Flying?” Each day, there seems to be another article or podcast that talks about the current low commodity price – high input cost economic squeeze of grain farmers. The Federal Reserve Banks of Chicago, Kansas City, and...
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Corn fields near Royal, Illinois. Author: Daniel Schwen. Licensing: GFDL. Original cropped.

What about a flexible cash rent lease

In August, my office phone lights up with calls from farmland owners wanting to know about the direction of cash rent values for farms here in east-central Illinois. This is never easy to answer because no one can accurately forecast the future. Currently, we are looking for average to above yields...
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Young corn plants in the field

Spring weather affecting crops, markets

If you have been watching cornfields in Central Illinois, you may have noticed that the young corn plants have changed colors over the past couple of weeks. In late April, the small corn plants were green in color and two weeks later these same plants are pale yellow-green. On April 26, the 4-inch...
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Pile of stored grain corn

Farmers, have you checked your stored grain lately?

Stored grain should be kept at or near 35°F according to the experts. But over the past month in Central Illinois, the average daily temperature has varied 44°F – from a high daily average of 52° F to a low of 8°F. Moisture in a filled grain bin moves from the warmed grain near the outside wall to...
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