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Brazil’s past expansion and potential to further expand cropland has received considerable attention in the US. In the 21st century, however, Brazil has accounted for only 27% of the world’s expansion of crop land. As illustrated in this article, a broader viewpoint is that cropland is expanding throughout the tropics. Only with significant changes in its production technology will the US benefit from this expansion.
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Trend yield estimates for crop yields are used in making projections for future yields as well as to assess realized historical yield performance against an appropriate “trendline” expectation. Yield trends…
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There has been a huge increase in feedstock usage because of the renewable diesel boom. Total feedstock usage for renewable diesel grew over nine billion pounds in 2023 alone. Yellow grease feedstock increased the most, from under 100 million pounds in 2015 to over 6 billion pounds in 2023. In terms of total biomass-based diesel feedstock, soybean oil is the largest by volume, which is not surprising given the dominant position of soybean oil in the production of FAME biodiesel.
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The dilemma of actuarial soundness presents a conundrum at the heart of crop insurance. Unlike Title I payment programs and ad hoc or supplemental assistance, crop insurance indemnities require an annual infusion of sufficient funds. To achieve actuarial soundness while not increasing any premiums by more than 20% likely limits any full adjustment of rates; some farmers pay more than they should, while other farmers pay less than they should (because they collect more and larger indemnities).
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The role of land in increasing food production has accounted for over 50% of the increase in crop output in South America since the 2000s (see farmdoc daily, March 6,…
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The USDA released its “final” estimate of the U.S. average yield of corn for 2023 in the January Crop Production Annual Summary report.  The estimate was 177.3 bushels per acre,…
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This farmdoc daily article examines yield, gross revenue, and cost for farms in the agri benchmark network from Argentina, Australia, Canada, Germany, Poland, the Ukraine, and the United States with wheat enterprise data. We find that the German farm had the highest yield. The typical farms in Australia, Germany, Poland, and North Dakota exhibited a positive average economic profit during the 2018 to 2022 period.
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