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Revised Estimates of 2017 ARC-CO Payments

  • May 30, 2018
  • Gary Schnitkey, Nick Paulson, Jonathan Coppess and Carl Zulauf

In recent months, forecasts of 2017 Market Year Average prices have increased. Higher MYA prices will result in lower 2017 payments for the Agricultural Risk Coverage at the County level…
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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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Estimated 2017 ARC-CO Payments

  • February 27, 2018
  • Gary Schnitkey, Jonathan Coppess, Nick Paulson and

The National Agricultural Statistical Service (NASS) released county yields for 2017 (released February 22 on NASS's Quick Stats website. With these NASS yields, fairly accurate estimates of 2017 Agricultural Risk…
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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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