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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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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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Pre-Harvest Hedging and Revenue Protection

  • May 15, 2018
  • Gary Schnitkey and Jonathan Coppess

Prudent pre-harvest hedging reduces risk, particularly if it is done in conjunction with the purchase of revenue crop insurance having the Harvest Price Option (HPO) option. Recent criticism of crop…
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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

Why They Can’t All Be Trade Surpluses

  • April 4, 2018
  • Kathy Baylis, Steve Burak and Jonathan Coppess

As the potential for a trade war with China escalates, and the rhetoric about NAFTA continues to heat up, we thought we'd step back and talk a bit about the…
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