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The Agriculture Improvement Act of 2018 (2018 farm bill) gives FSA (Farm Service Agency) farm owners a 1-time option to update PLC (Price Loss Coverage) payment yields. Of 21 program commodities, only corn, soybeans, upland cotton, and, especially sorghum have…

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Attention is beginning to focus on planting decisions of farmers in 2019, with some speculation that acres will shift from soybeans to corn. Even given declines in expected soybean prices, central Illinois budgets do not suggest that switching to more…

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Corn prices, since the release of the February USDA reports, remain relatively flat. The potential for increased corn production in 2019 via higher planted acreage appears to be a significant component to corn price performance relative to soybeans. This analysis…

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We know that the cost of living differs among cities throughout Illinois. Do farm families also have different costs of living based on what part of Illinois they live in? Using farms enrolled in Illinois Farm Business Farm Management (FBFM)…

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The U.S. ethanol industry faced considerable headwinds in 2018, including the lowest prices over the last decade, policy setbacks in the implementation of the RFS, and political resistance to granting a year-round RVP waiver for E15. The impact of these…

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Supplemental Coverage Option (SCO) was introduced in the 2014 Farm Bill but was limited to acres where Price Loss Coverage (PLC) was the commodity title program choice. More farmers likely will be choosing PLC for the 2019 and 2020 marketing…

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The USDA finally released a set of highly anticipated reports on Friday. The results projected lower ending stocks for corn and soybeans during this marketing year. Despite lower ending stock forecasts, the results disappointed and produced a somewhat bearish outlook.…

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