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Gardner Policy Series

Dispatches from the Trade Wars

  • August 29, 2018
  • Yujun Zhou, Kathy Baylis, Jonathan Coppess and Qiangting Xie

The last month has produced a lot of news on the trade front, much of which has implications for US farmers and their markets.  All of the largest and most…
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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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Gardner Policy Series

Trade Timeline and Corn and Soybean Prices

  • July 31, 2018
  • Krista Swanson, Jonathan Coppess, and Gary Schnitkey

China has become an increasingly important trading partner for U.S. agriculture, which makes the escalation of the conflict over tariffs and retaliation particularly troubling for American farmers. In Illinois, corn…
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Gardner Policy Series

Understanding Budget Implications of Cover Crops

  • June 28, 2018
  • Krista Swanson, Gary Schnitkey, Jonathan Coppess and Shalamar Armstrong

Farmers remain under pressure to adopt practices that will reduce nutrient losses from their fields and cover crops are considered the most effective in-field practice for reducing nitrogen and phosphorus…
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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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