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Weekly Farm Economics

Projected and Harvest Prices in 2017

  • November 28, 2017
  • Gary Schnitkey

Harvest prices are key variables for determining payments on crop insurance contracts. In Midwestern states, 2017 harvest prices are $3.49 per bushel for corn and $9.75 per bushel for soybeans.…
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Weekly Outlook

Acreage Prospects for 2018

  • November 27, 2017
  • Todd Hubbs

Corn and soybean prices have weathered the USDA's November Crop Production report that contained larger forecasts of the size of the 2017 harvest, relative to market expectations, for both crops.…
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Gardner Policy Series

Tax Legislation and the Specter of Sequestration

  • November 22, 2017
  • Jonathan Coppess, Gary Schnitkey, Nick Paulson and Carl Zulauf

A recent analysis by the Congressional Budget Office (CBO) has raised concerns about the potential impact the Congressional tax bills could have on farm programs and the farm bill. In…
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Weekly Outlook

Soybean Export Prospects for 2017-18

  • November 20, 2017
  • Todd Hubbs

U.S. soybean exports will play a significant role in determining soybean prices this marketing year. The recent level of soybean exports from the United States trails last year's pace. The…
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Gardner Policy Series

Reviewing the U.S.-Korea Free Trade Agreement

  • November 15, 2017
  • Kathy Baylis, Jonathan Coppess and Qianting Xie

While overshadowed by concerns about North Korea, trade discussions loomed large in President Trump's recent trip to Asia. Earlier statements from the Administration have raised concerns about the bilateral free…
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Weekly Outlook

Corn Supply A Burden To Prices

  • November 13, 2017
  • Todd Hubbs

The USDA's Crop Production report released on November 9 reported an unexpectedly large corn yield increase for the 2017 crop. Corn prices suffered a moderate decline following the report release…
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Gardner Policy Series

Update on NAFTA Renegotiations

  • November 10, 2017
  • Steve Burak, Kathy Baylis, and Jonathan Coppess

The North American Free Trade Agreement (NAFTA) has been in the news for the last year-and-a-half; in the summer of 2016, Presidential candidate Trump vowed from the campaign trail, to…
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Are ARC-CO and PLC Substitute Programs?

  • November 9, 2017
  • Carl Zulauf, Gary Schnitkey, Jonathan Coppess and Nick Paulson

The 2014 farm bill required farms to choose between ARC (Agriculture Risk Coverage) and PLC (Price Loss Coverage). While overlap in payments can occur, ARC and PLC have different design…
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Weekly Outlook

Cattle Feeding Returns Improving

  • November 6, 2017
  • Jim Mintert

Cattle feeding profitability has been on a roller coaster ride the last couple of years. Estimated cattle feeding returns calculated each month by Iowa State Extension provide insight into the…
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What are my Options to Grow?

  • November 3, 2017
  • Michael Langemeier and Michael Boehlje

There are numerous motivations for farms to expand their businesses. Even in today's environment of tight margins, many farms are exploring expansion options. When exploring these options, it is important…
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Gardner Policy Series

Comparing NASS and RMA County Yields for Corn

  • November 2, 2017
  • Carl Zulauf, Gary Schnitkey, Nick Paulson and Jonathan Coppess

Controversy has surrounded determination of ARC-CO (Agriculture Risk Coverage county) yields. One component of this controversy is the difference in the county yields determined by NASS (National Agricultural Statistics Service)…
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