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Weekly Farm Economics

Wheat Returns on Southern Illinois Farms

  • August 27, 2013
  • Gary Schnitkey

In this post, returns are compared on southern Illinois farms that grew and did not grow wheat. Specific comparisons are for farms growing and not growing wheat, farms having double-crop…
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Weekly Outlook

Hog Outlook Turns Less Optimistic

  • August 26, 2013
  • Chris Hurt

Just when it looked like hog production was headed safely back to profitability in 2014, hot and dry weather late in the growing season has threatened the bright outlook. Rapid…
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Farm Bill Conference Issues

  • August 22, 2013
  • Carl Zulauf and Gary Schnitkey

Both the U.S. Senate and U.S. House of Representatives have passed farm bills. The process now moves to a Conference Committee, which is composed of members of the U.S. Senate…
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Trends in Illinois Farmland Parcel Size

  • August 15, 2013
  • Bruce J. Sherrick and Erik Hanson

The recent upswing in U.S. farmland prices is well-documented, with recent posts describing the USDA's estimate of annual valuation change, and comparisons to other asset classes. The other key dimension…
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Are CRP Payments Subject to SE Tax?

  • August 7, 2013
  • Marc Lovell

Farmers receiving payments from the Conservation Reserve Program (CRP) have frequently been unsure how to categorize these payments for self-employment (SE) tax purposes. Generally, income that the farmer receives from…
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Weekly Farm Economics

Fertilizer Costs Move Down

  • August 6, 2013
  • Gary Schnitkey

In the August 1st Illinois Production Cost Report, the U.S. Department of Agriculture reported an average Illinois price for anhydrous ammonia of $793 per ton, a diammonium phosphate (DAP) price…
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