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Gardner Policy Series

Farm Bill Food for Thought: Research and Extension

  • August 23, 2018
  • Jonathan Coppess, Carl Zulauf, Nick Paulson and Gary Schnitkey

Conference negotiations for a 2018 farm bill reportedly continue behind the scenes, but with little indication about progress. In the meantime, a recent article in the Washington Post provided a…
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Gardner Policy Series

2018 Farm Bill Updated: Conference Negotiations Begin

  • August 9, 2018
  • Jonathan Coppess, Carl Zulauf, Gary Schnitkey, Krista Swanson, Nick Paulson and Benjamin Gramig

Congress has completed the procedural steps necessary to begin conference negotiations on the two 2018 farm bills produced by the House and Senate.  Additionally, the Congressional Budget Office has updated…
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2018 Mid-Year RIN Update

  • July 26, 2018
  • Nick Paulson

Today’s article provides the second quarterly update on RIN generation for 2018. Generation figures and projections are based on available data from EPA’s EMTS through June of 2018, with annual…
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Gardner Policy Series

Five-Year Income Projections for Grain Farms

  • June 26, 2018
  • Krista Swanson, Gary Schnitkey, Jonathan Coppess and Nick Paulson

Five-year financial projections for Illinois grain farms suggests continued low farm incomes, given that yields are at trend levels with corn prices near $3.60 per bushel and soybean prices ranging…
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Gardner Policy Series

2018 First Quarter RIN Update

  • May 23, 2018
  • Nick Paulson

Today’s article provides the first quarterly update on RIN generation for 2018.  Generation figures and projections are based on available data from EPA’s EMTS through April of 2018, with annual…
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Gardner Policy Series

Continued Review of Fixed Price Farm Policy

  • May 3, 2018
  • Jonathan Coppess, Gary Schnitkey, Nick Paulson and Carl Zulauf

This article continues the discussion of the long-running farm policy that triggers payments to farmers using crop prices fixed in statute. The previous articles looked at historic target price policy…
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Gardner Policy Series

Initial Review of the House 2018 Farm Bill

  • April 26, 2018
  • Jonathan Coppess, Gary Schnitkey, Nick Paulson and Carl Zulauf

On Thursday, April 18, 2018, the House Agriculture Committee reported its version of the farm bill titled the Agriculture and Nutrition Act of 2018. The vote to report the bill…
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Gardner Policy Series

Reviewing the CBO Baseline for 2018 Farm Bill Debate

  • April 12, 2018
  • Jonathan Coppess, Gary Schnitkey, Nick Paulson and Carl Zulauf

On April 9, 2018, the Congressional Budget Office (CBO) released its updated and revised baseline for the major programs in the farm bill. If Congress reauthorizes the farm bill programs…
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Gardner Policy Series

Interest Rate and Current U.S. Cropland Prices

  • April 11, 2018
  • Carl Zulauf, Gary Schnitkey, Jonathan Coppess and Nick Paulson

The Federal Reserve has initiated what appears to be sustained, incremental increases in the Federal Funds rate and by extension other interest rates. Current expectation is for a ¾ to…
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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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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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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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Gardner Policy Series

Farm Bill Review: Origins of Fixed Price Policy

  • February 22, 2018
  • Jonathan Coppess, Nick Paulson, Gary Schnitkey and Carl Zulauf

The changes to farm programs included in the Bipartisan Budget Act of 2018 discussed recently were an unusual revision of farm policy both in timing and method. Congress agreed to…
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