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This is the 4th article in a series examining the 2018 farm bill PLC (Price Loss Coverage) yield update option.  A 2/20/2019 article found that, of 21 program commodities, only corn, soybeans, upland cotton, and, especially sorghum have a US…

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A previous series of articles discussed water quality and environmental issues relevant, or potentially of concern, to agriculture. In a return to the topic, recent developments on matters of water quality will be discussed in two articles. On February 14,…

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Average Illinois soybean yield first exceeded 50 bushels per acre in 2004, when it was 50.5 bushels. It was 51.5 bushels in 2010, and 50 bushels in 2013. Over the five years beginning in 2014, it was 56, 56, 59,…

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Spring field operations will soon begin, and nitrogen applications on corn will commence. More nitrogen will be applied this spring than is typical because wet weather limited fall applications. University-recommended nitrogen application rates in Illinois are between 140 and 180…

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Uncertainty on trade issues and the subsequent price movements associated with speculation on the topic added a degree of difficulty to acreage decisions this year.  The March 29 Prospective Plantings report will provide the initial indication of potential acreage allotments…

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Financial liabilities are a present obligation arising from past decisions. While some operators can operate without borrowing, many farm operations cannot operate with the use of borrowed capital. This article considers the structure of average debt obligations on the balance…

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The market impact of small refinery exemptions (SREs) granted under the RFS remains a highly contentious issue. From a regulatory standpoint, there is no doubt that SREs opened a backdoor mechanism for the EPA to reduce the statutorily-mandated RFS volumes.…

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