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Since the 1940s, yields of many U.S. crops have exhibited significant upward yield trends due to continual technological advances. There may be concerns that trends are decreasing, either through potential…
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The study analyzes the economic consequences of capping farmer premiums for crop insurance offered by the USDA Risk Management Agency (USDA-RMA). A cap on the premium-to-liability ratio of 4.0% would…
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This article briefly discussed the use of contingency planning to project cash flow and repayment capacity.  As cash flows from the farm operation become tighter, it is necessary to find other funds to help pay for asset purchases or delay asset purchases, and to repay debt.  A case farm was used to illustrate how contingency plans could be used.  Unless crop price prospects improve it would be difficult for the case farm to purchase assets, such as machinery and equipment, later this year.  Working capital will be drawn to meet term debt obligations under each of the three crop price scenarios examined even if the farm does not purchase machinery and equipment in 2023.  Given the potential volatility of crop prices this summer, it would be prudent to periodically update cash flow projections.
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Closing out the month of May and rapidly approaching the default deadline, the House of Representatives passed legislation embodying a deal between House Speaker McCarthy and President Biden to suspend…
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The U.S. Environmental Protection Agency (EPA) is responsible for proposing and enforcing annual renewable volume obligations (RVOs) for the U.S. Renewable Fuel Standard (RFS) that underpin the renewable diesel boom…
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We compare net crop insurance indemnities paid to farmers with private market net returns from producing barley, corn, cotton, oats, peanuts, rice, sorghum, soybeans, and wheat over the 2009-2022 crop…
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Introduction On May 12, 2023, the National Agricultural Statistics Service (NASS), released their May estimate of winter wheat crop production. NASS is forecasting U.S. production of 1.13 billion bushels which…
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