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Illinois Farmland Values in Context

  • March 30, 2018
  • Bruce Sherrick and Gary Schnitkey

Each year, the Illinois Society of Professional Farm Managers and Rural Appraisers collects representative sales data from all across the state of Illinois, divided into 10 regions based on prominent…
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Weekly Outlook

Corn and Soybean Acreage in 2018

  • March 26, 2018
  • Todd Hubbs

Speculation over the competition between spring crops for acreage is a hot topic for discussion over recent weeks. Projections for corn and soybean acreage from many market observers have settled…
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Gardner Policy Series

U.S. Field Crop Income – Return to Normalcy

  • March 21, 2018
  • Carl Zulauf , Gary Schnitkey, Jonathan Coppess and Nick Paulson

The economic state of U.S. crop farming has drawn considerable attention in recent years. This article uses U.S. Department of Agriculture (USDA) cost of production data to compare the ratio…
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Weekly Outlook

Export Outlook for Soybeans

  • March 19, 2018
  • Todd Hubbs

Recent adjustments to soybean export projections raise concerns about increased ending stocks this marketing year. Export projections for soybeans put forth by the USDA reflected recent market information associated with…
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How Are Family Living Expenses Funded?

  • March 16, 2018
  • Brandy Krapf, Dwight Raab, and Bradley Zwilling

Family living expenses are not a tax-deductible expense of the farm business, but they must be budgeted for to sustain the living expense of the farm operator and their family.…
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Gardner Policy Series

Premium Subsidy and Insured U.S. Acres

  • March 15, 2018
  • Carl Zulauf Gary Schnitkey, Jonathan Coppess and Nick Paulson

Cost of Federal Crop Insurance is an on-going farm policy issue. President Trump proposed several changes to reduce its cost in his Fiscal Year 2019 budget. The changes include reducing…
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Weekly Farm Economics

Trends in Farm Balance Sheets over Time

  • March 13, 2018
  • Gary Schnitkey

Trends in the financial position of Illinois farms are presented in this article. Overall, farms gained financial strength from 2006 to 2012. Since 2012, working capital has declined. The net…
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Weekly Outlook

An Estimate of March 1 Corn Stocks

  • March 12, 2018
  • Todd Hubbs

On March 29, the USDA releases the Quarterly Grain Stocks report. It delivers an estimate of corn stocks in storage as of March 1, 2018. This estimate provides the ability…
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Gardner Policy Series

Introducing the Gardner Farm Income and Policy Simulator

  • March 6, 2018
  • Krista Swanson, Gary Schnitkey, Jonathan Coppess and Nick Paulson

With today's article, the Gardner Agriculture Policy Program introduces a comprehensive tool for farm income, economics and policy analysis. The Gardner Farm Income and Policy Simulator (GFIPS) simulates farm financial…
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Weekly Outlook

A Positive Outlook for Corn

  • March 5, 2018
  • Todd Hubbs

A strengthening trend in corn consumption, smaller corn acreage, and the developing production issues in South America signify a positive outlook for corn in 2018. The expectations for corn in…
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What Business Model Should I Use to Grow?

  • March 2, 2018
  • 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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Crop Insurance Decisions for 2018

  • March 1, 2018
  • Bruce Sherrick and Gary Schnitkey

The price discovery period used to determine projected prices and volatility factors for federally sponsored corn and soybean crop insurance products for 2018 is completed. For the majority of the…
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