Each week, members of the farmdoc team will conduct a webinar that: (1) reviews the farm bill programs and decisions; (2) provides training and demonstration on the farm bill decision…
10-13-2014 Farm Bill 2014 Talk
Farm Bill Decision Tools: Deciding Between ARC-CO and PLC
New webtools for making 2014 Farm Bill decisions were released by USDA on Thursday, September 25. Join us as we review these tools, as well as the Farm Bill Toolbox…
Farm Bill Decision Aids and Programs Presenters: Jonathan Coppess and Nick Paulson
Outlook for Corn and Soybean Prices Following the USDA's 2014 Final Production and December 1 Stocks Estimates. This webinar will review the USDA estimates released on January 12, 2015 and…
Illinois Corn is sponsoring this webinar which will detail the three decisions associated with commodity programs in the 2014 Farm Bill. These decisions are 1) keep or update yields, 2)…
Many questions exist on documentation required for updating yields as part of the 2014 Farm Bill. Stan Wilson with the Illinois Farm Service Agency will provide explanations on documentation required…
This webinar reviewed the landowner decisions regarding updating payment yields and reallocating base acres. By February 27th, landowners have to decide whether or not to update their farm’s payment yields…
This webinar reviewed the details for ARC-CO, ARC-IC, PLC and SCO. By March 31st, producers must decide which program(s) will operate on their farms for the life of the 2014…
Gary Schnitkey, Bruce Sherrick and Nick Paulson from farmdoc at the University of Illinois provide advice or making 2015 crop insurance decisions given lower projected prices and new government programs.…
Projected returns and costs for the 2015 production years will be presented for corn and soybeans. The 2015 projections will be compared to historical results. Incentives to switch acres from…
The webinar will provide in-depth analysis using the online resources and calculators for the program choice between ARC-CO and PLC + SCO. The deadline for the decision is March 31…
Darrel Good, Scott Irwin and John Newton review USDA’s March 31, Grain Stocks and Prospective Plantings reports and consider balance sheet and price implications for both old and new crop…
Is the Price of Biomass Right for You? Calculating Your Cost of Producing Crop Residues and Energy Crops Madhu Khanna, Nick Paulson and Tom Voigt With emerging technologies for bioenergy…
Crop insurance decisions for 2016 was discussed during this webinar along with forecasts of projected 2015 county-level ARC payments. The overall risk environment for 2016 and beyond was also described…
This webinar, Crop Price Implications of USDA Grain Stocks and Prospective Plantings Reports by Scott Irwin and Darrel Good reviewed the USDA’s March 1 Grain Stocks estimates for corn and…
Darrel Good and Scott Irwin reviews the USDA estimates released on the previous day and the implications for both old crop and new crop balance sheets for corn and soybeans.…
The webinar reviewed the USDA’s U.S. corn and soybean yield and production forecasts released on August 12. The production forecasts will be combined with projections of marketing year consumption in…
Given clearer yield forecasts, 2016 net incomes for grain farms can now be forecast with more accuracy. Net incomes in 2016 will continue to be low. Current future prices for…
The webinar will review the USDA’s March Grain Stocks and Prospective Plantings reports and discuss the implications for the supply and demand balance sheets and prices of corn and soybeans…
This webinar reviews the USDA stocks and acreage reports released earlier in the day and discusses the implications for both old crop and new crop balance sheets for corn and…
The webinar reviewed the USDA’s U.S. corn and soybean yield and production forecasts released on August 10. The production forecasts was combined with projections of marketing year consumption in order…
This webinar covered farm income estimates for 2017 based on current projections of prices, yields, and ARC-CO payments. Forecasts were made on 2018 cash rents and farmland prices based on…
The webinar reviews USDA’s March 29 Grain Stocks and Prospective Plantings reports and considers balance sheet and price implications for both old and new crop corn and soybeans. The USDA’s…
The webinar reviews USDA’s June 29 Grain Stocks and Acreage reports and considers balance sheet and price implications for both old and new crop corn and soybeans. The USDA’s estimate…
The webinar reviews the USDA’s U.S. corn and soybean yield and production forecasts released on August 10. The production forecasts will be combined with projections of marketing year consumption in…
The webinar will review USDA’s March 29 Grain Stocks and Prospective Plantings reports and considers balance sheet and price implications for both old and new crop corn and soybeans. The…
Most predictions suggest that the population of the earth will likely increase by about 2 billion people by 2050 and prompts the question, “Will there be enough food?” This typically…
This webinar from Farmdoc from the Department of Agricultural and Consumer Economics (ACE) in the College of Agricultural, Consumer and Environmental Sciences (ACES) at the University of Illinois covered: Price…
This webinar presented by the Farmdoc Team of Gary Schnitkey, Jonathan Coppess, and Todds Hubbs from the Department of Agricultural and Consumer Economics (ACE) in the College of Agricultural, Consumer…
This webinar presented by the Farmdoc Team of Gary Schnitkey, Jonathan Coppess, and Todd Hubbs from the Department of Agricultural and Consumer Economics (ACE) in the College of Agricultural, Consumer…
The webinar will review USDA’s June 28 Grain Stocks and Acreage reports and considers balance sheet and price implications for both old and new crop corn and soybeans. The USDA’s…
July 3rd, 2019 Scott Irwin Department of Agricultural and Consumer Economics Scott Irwin describes the impact of the USEPA grated Small Refinery Exemptions to the Bio-based Diesel and Ethanol industries.
Recorded August 13, 2019 Presented by Todd Hubbs, PhD. and Scott Irwin, PhD. Department of Agricultural and Consume Economics The webinar will review the USDA’s U.S. corn and soybean yield…
Recorded 8:00 AM, August 30, 2019 Jonathan Coppess, Gary Schnitkey, and Nick Paulson Department of Agricultural and Consumer Economics Farmers soon begin be able to make the commodity program choice…
Noon, September 10th, 2019 Scott Irwin Department of Agricultural and Consumer Economics Agricultural Extension has been buffeted by a variety of forces in the last several decades, including the move…
The decisions between ARC and PLC are covered in this webinar. Farmers and land owners will need to make these decisions by March 15, 2020. Presented by: Jonathan Coppess Director,…
This webinar discusses the implications of the September 1 stocks reports and October Crop Production report on corn supply and demand prospects for the 2019-20 marketing year. A detailed discussion of USDA’s September 30 stocks report will provide a clearer picture of the impact on corn and soybean balance sheets. The webinar will review the USDA’s U.S. corn and soybean yield and production forecasts released on October 10. The production forecasts will be combined with projections of marketing year consumption in order to project the magnitude of year-ending stocks. The implications for marketing year average prices as well as the likely pattern of prices during the 2019-20 marketing year will be discussed.
Trade disruptions and wet planting weather likely leads to lower farm incomes in 2019, with prospects of continued lower incomes into 2020. In this environment we provide information useful in negotiation farmland rental arrangements for 2020. Given increased emphasis on the environment, new addendums to farmland leases have been developed and are now available on farmdoc. Those addendums will be presented during this webinar.
This webinar discusses the implications of the January Crop Production report and the December 1 stocks report. A detailed discussion of USDA’s December stocks report will provide a clearer picture of the impact on corn and soybean balance sheets. The webinar will review the USDA’s U.S. corn and soybean yield and production estimates for the 2019 crop year. An analysis of the production estimates combined with projections of marketing year consumption provide a basis for projections of the magnitude of year-ending stocks in the 2019-20 marketing year. The implications for marketing year average prices as well as the likely pattern of prices during the 2019-20 marketing year and beyond will be discussed with specific references to the pending trade deal with China.
The decision between ARC and PLC will be discussed in this webinar. Decisions between ARC-CO and PLC will be described for corn, soybeans, and wheat with examples. Situations in which ARC-IC fits will be discussed.
We will describe making the 2018 Farm BIll commodity title choices faced by South Dakota farmers. Those choices will involve enrolling an entire Farm Service AGency (FSA) farm in Agricultural…
NASS will release 2019 county yields for corn and soybeans on Feb 20th. These county yields, along with more up-to-date price information, will be used to refine ARC/PLC decisions for 2019 and 2020. Those counties that likely will make county yields will be identified. Farmers in some counties may wish to revise ARC/PLC choices baed on this information.
Questions continue concerning the ARC/PLC decision that must be made for the 2019 and 2020 years by March 16, 2020. This webinar will provide examples of decision-making for specific farm situations. Latest information will be used in this webinar. Decisions must be made by March 15th. Sign up for your appointment with your Farm Service Agency (FSA) office.
All information is available for the 2020 crop insurance decisions. We will give a run down of risk and returns for the 2020 year, looking at changes from last year. Use of Supplemental Coverage Option (SCO) will be discussed.
This webinar is sponsored by Compeer Financial which may be found at https://www.compeer.com/
The webinar will review USDA’s March 31 Grain Stocks and Prospective Plantings reports and considers balance sheet and price implications for both old and new crop corn and soybeans. The USDA’s estimate of March 1 stocks of corn and soybeans will provide a clearer picture of total 2019-20 marketing year consumption, ending stocks, and price prospects. The report will be especially important for projecting the magnitude of domestic corn consumption for feed use. The magnitude of planting intentions will clarify prospects for the size of the 2020 corn and soybean crops with implications for the 2020-21 balance sheets and price prospects.
Join Extension specialists from the University of Illinois Departments of Crop Science and Agricultural and Consumer Economics to discuss management recommendations for 2020 related to insect pests, weeds, diseases, and commodity prices.
Gary Schnitkey, Nick Paulson and Jonathan Coppess from the farmdoc team will provide updates on the most recent issues in the wake of the coronavirus pandemic, including the state-of-play on various policies for assistance in response. The discussion will include potential impacts on commodities markets from the fallout around biofuels production, livestock feed demand and exports, as well as a review of current legislative and USDA policies and the potential impacts.
The 2019 growing season was a challenge for Illinois farmers. This webinar will focus on the financial results for 2019 from data from the Illinois Farm Business Farm Management (FBFM) Association. Attendees will learn about 2019 farm income and returns, cost of production and how the challenges of 2019 affected the financial position of Illinois farmers.
The profitability of different tillage systems and nitrogen application systems will be presented, along with the profitability impacts of cover crops. Data are for the years from 2015 to 2019 and come from Precision Conservation Management, a project having many partners with Illinois Corn as the lead partner. Over all, certain conservation practices have positive impacts on profitability, as will be discussed during this webinar.
The webinar will review USDA’s June 30 Grain Stocks and Acreage reports and considers balance sheet and price implications for both old and new crop corn and soybeans. The USDA’s estimate of June 1 stocks of corn and soybeans will provide a clearer picture of total 2019-20 marketing year consumption, ending stocks, and price prospects. The magnitude of planting acreage will clarify prospects for the size of the 2020 corn and soybean crops with implications for the 2020-21 balance sheets and price prospects.
The webinar will review the USDA’s U.S. corn and soybean yield and production forecasts released on August 12. The production forecasts will be combined with projections of marketing year consumption in order to project the magnitude of year-ending stocks. The implications for marketing year average prices as well as the likely pattern of prices during the 2020-21 marketing year will be discussed.
As summer approaches its end, the coronavirus pandemic has gotten worse, the economic outlook has dimmed and Congress is attempting to negotiate a potential next round of relief for the coronavirus pandemic while the 2020 election draws nearer. This webinar will review the policies put in place to date and attempt an outlook of the policy landscape ahead. The webinar will look at how MFP, CFAP and other ad hoc relief can serve as a leading indicator of policy directional changes, as well as review potential concepts and historical analogues.
We will provide returns projections for corn, soybeans, and wheat production in 2021. Farm income for Illinois grain farms will be projected for both 2020 and 2021. Possible farm incomes will be presented that include payments from the farm safety net.
Farmland markets outlook will be given in both the short and long-run. The impacts of changes in farmland returns and interest rates will be evaluated. While returns to farmland have been stable, interest rates also have been low, leading to relatively high capitalized values.
Overall, the financial positions of Illinois farms are still strong, but erosion has occurred on many farms. Up to this point, most of that erosion has come in the form of reductions in working capital. Debt-to-asset positions have eroded only slightly. Non-declining asset values contribute to the relatively small declines in debt-to-asset positions. Some farms are more at risk, including those that have more cash rent farmland. Also, younger farmers tend to have worse situations than older operators.
Outlook for farmland prices and rents will be presented from results of an annual mid-year survey conducted jointly by the Illinois Society of Professional Farm Managers and Rural Appraisers and the University of Illinois. Topics include farm price outlook for the remainder of 2020, rental outlook for 2021, and outlook over the next five-years. Information will be useful as farmland markets enter the rent-setting season.
Leasing season is again upon us. This webinar will first provide an outlook for setting 2021 leases. Then, attention will turn to conservation and leasing. Many landowners and farmers want to engage in more conservation practices but are concerned about the impacts these conservation practices may have on relationships between landowners and farmers. We will cover issues related to owner-farmer relationships for conservation, nutrient management, and cover crops. Conservation addendums to farmland leases available on farmdoc will be shown.
In a year stricken by the coronavirus pandemic and an extremely severe economic contraction, corn and soybean prices have risen to levels that seemed impossible just a couple of months…
Grain farm incomes in 2020 were supported by above-trend yields, higher prices than expected, and several forms of Federal payments. These 2020 incomes serve as a backdrop for 2021 income…
The election and enrollment period for the ARC and PLC programs for the 2021 crop year is now open, and decisions must be made by March 15th. A new crop…
We consider both the short- and medium-run outlook for US farm policy following the 2020 election. We provide an updated review of three years and four rounds of ad hoc…
Farmland is receiving significantly increased attention by owners and investors seeking to make sense out of the scrambled economic signals of the recent past. Historically, the conventional narrative around farmland…
Legislation passed in December called the Consolidations Appropriations Act has implications for farms. We will cover the Paycheck Protection Program (PPP), including implications for the initial draw, second draw, and recalculated draw. Issues associated with the Employee Retention Credit (ERC) also will be covered.
Farmers and land owners will again have the opportunity to change commodity title choices between Agricultural Risk Coverage and Price Loss Coverage for the 2021 crop year. The deadline for the decision in March 15, 2021. This webinar will discuss these alternatives.
Most farmers in the Midwest insure corn and soybeans with Revenue Protection (RP). This year, a new county-level product can be added on top of RP and other products called Enhanced Coverage Option (ECO). This webinar will discuss the crop insurance decisions, in general, and ECO in particular.
Corn and soybean decisions have changed greatly Since August. This webinar will discuss implications of those decisions for planting decisions in 2021.
A recap of the financial position of Illinois farms will be provided. We will go over budgeting and pro forma cash flow planning for 2021.
All the information is needed to calculator crop insurance premiums. Deadlines for corp insurance and commodity title choices are nearing. This webinar will update any information that needs to be covered before decisions are final.
FAST is a set of Microsoft Excel spreadsheets that can be used to evaluate management decisions on farm. We will demonstrate use of the Farm Projections Tool.
A project team from ACES, NCSA and Purdue’s Agronomy Department have been developing a first-of-its-kind cover crop simulation and decision support tool for Illinois farmers with funding by the Illinois Nutrient Research & Education Council. The tool was released in October and recently updated with additional functionality. On this webinar, the project team will discuss the project and tool, as well as provide a demonstration and explanation.
The Cover Crop Decision Support Tool may be found at https://covercrop.ncsa.illinois.edu/
In this 1-hour webinar, the PCM and University of IL Agricultural Economics Team will summarize 6-years of data from the Precision Conservation Management program (PCM). PCM is a farmer service program led by IL Corn Growers Association and IL Soybean Association...
New issues have emerged in Corn-belt agriculture with outlook and costs still being on the forefront. The following webinar series will aid in setting current thinking of the agricultural economy…
Farmland market prices are rising and cash rents for 2022 are being set. Latest information on farmland price, including results from the annual survey of the Illinois Society of Professional Farm Managers and Rural Appraises. Expectation for 2022 will be given.
With growing concerns about climate change, policy markers are looking for solutions to reduce greenhouse gas emissions. One solution is a market for carbon credits. Here we will describe the latest on carbon markets, with an emphasis on definitions of carbon markets and an analysis of current carbon markets.
After several years of trade difficult, grain markets have boomed. We will discuss the factors impacting grain markets and provide some projections for the future.
Brazil is the United States’ major competitor in agriculture, with Brazil now producing more soybeans than the U.S. Here we will discuss Brazil’s past development, and prospects for the future.
Global climate change is creating challenges for agriculture today and will continue in the future. During the past 50 years in the US Cornbelt, average air temperatures have risen and rainfall has become more variable, including an increase in the total number of extreme rainfall events. These trends are expected to continue. Weather and weeds are two stressors that can act simultaneously to affect crop performance, yet their comprehensive study in tandem is limited. The webinar will discuss the most important relationships among weed control and weather variability on corn yield loss due to weeds.
The Maximum Return to Nitrogen (MRTN) is a recommended N rate based on recent N response trials, and is often lower than rates based on expected yields. We’ll discuss how much risk this brings, and will introduce a way for producers to check MRTN performance in the field.
Production cost are rising at substantial rates. Here we will summarize grain farm financial statements for farms enrolled in Illinois Farm Business Farm Management, and present projections for the future.
This webinar will provide information about changes to federal and state depreciation provisions, how farm families can benefit from a variety of tax credits, and the latest developments for estate…
Farmland prices have risen rapidly in recent months both due to in part to rising income prospects and continuing low interest rates. Uncertainty about monetary policy and inflation, strength of…
The 2021 version of machinery cost estimates for field operations, harvesting operations, and tractors are available on farmdoc. We will discuss the uses of these estimates and the methods used…
Corn and soybean prices currently sit at historically high levels. A crucial question for 2022 is how long should we expect the good times to last? In this webinar, we…
The economic situation on Illinois grain farms has brightened with higher grain prices, resulting in relatively high incomes for 2021. Prices in 2022 could continue to be above the long-run…
Covid control measures have led to supply chain issues that appear to be worsening for the 2022 production year. General price inflation also is occurring. As a result, all input…
Farmland market prices have risen dramatically over the past 12-18 months, and cash rents for 2022 experienced upward pressure as well. Factors affecting farmland markets and rental rates will be…
While no major changes have been made to crop insurance or commodity programs for 2022, major legislation has been moving through Congress this fall that will have impacts on agriculture.…
Reasons for optimism about farm incomes exist for 2022. However, risks remain. This webinar will discuss crop insurance, rental arrangements, and marketing for the 2022.
The Post Application Coverage Endorsement (PACE) provides financial protection when farmers can not apply nitrogen post-planting. This is the first year for the pilot PACE is available in northern and…
With spring planting just around the corner, FBFM field staff will provide an income and tax update. A new educational program called AMP will be discussed that is being sponsored…
By March 15, farmers have the opportunity to change their commodity title choices around Agricultural Risk Coverage (ARC) and Price Loss Coverage (PLC). Final thoughts on risk management for the…
Should the Russian-Ukraine conflict impact crop insurance and commodity title decisions. An update on the conflict will provide additional context for crop insurance and commodity title decisions. The deadline for…
The March Grain Stocks and Prospective Plantings reports usually result in one of the most volatile days of the year in the grain markets. This year the reports have even…
Do you want to learn more about how conservation practices like reduced- and no-till, cover crops, and nitrogen management impact corn and soybean production, profitability, and environmental impact? In this 1-hour webinar, the PCM and University of IL Agricultural Economics Team will summarize 7-years of data from the Precision Conservation Management program (PCM). PCM is a farmer service program led by IL Corn Growers Association and IL Soybean Association. PCM’s objective is to work 1-on-1 with farmers across Illinois as they make financially based conservation decisions on their farms.
The webinar will review USDA’s June 30 Grain Stocks and Acreage reports and considers balance sheet and price implications for both old and new crop corn and soybeans. The USDA’s estimate of June 1 stocks of corn and soybeans will provide a clearer picture of total 2021-22 marketing year consumption, ending stocks, and price prospects. The magnitude of planting acreage will clarify prospects for the size of the 2022 corn and soybean crops with implications for the 2022-23 balance sheets and price prospects.
Profits are projected for Corn Belt farms in 2023, but likely lower returns than 2021 and 2022. As the planning season for the upcoming crop year goes into full force,…
Farmland prices have increased at a phenomenal rate in the past year. Returns to farmland remain high, but interest rates could increase. Luke Worrell will present results of the mid-year…
The recent Inflation Reduction Act includes several agricultural provisions including conservation, energy programs, and farm debt relief. Learn more about the impact on agriculture included in this legislation and explanation…
Historic growth in Brazilian agriculture will be documented, and projections will be made for the 2022-23 production year. Joana Colussi will bring perspectives on the potential of Brazilian agriculture in…
Machinery investments on farms have been increasing due to various factors. Brad Zwilling with Illinois Farm Business Farm Management (FBFM) will use FBFM data to look at the farm machinery…
Access to financial capital is one of the many challenges that young and beginning farmers face. Learn more about these challenges and programs offered by agriculture lenders and the USDA that can provide expanded access to capital for operating costs and land purchase.
Resources:
Farmland owners often have questions about leasing arrangements and other basics about owning land. Herein, we will provide the basics of the four different leasing arrangements: share rent, cash rent,…
Farmers are being strongly encouraged to shift fertilizer applications away from the fall to the spring as it can lead to improved water quality impacts. However, high fertilizer prices and…
FBFM staff offer insight for key tax topics to produce meaningful year end planning results. Strategies to manage tax liability using depreciation, prepaying expenses, retirement plans, installment contracts, and tax…
The 2022 Farm Assets Conference is past. However, you can view the pdf slides here. Topics included:
Updating the Carbon Market Landscape | Crop Prospects in Argentina & Brazil | The 2023 Farm Bill
Ukraine, Russia, Spring Fertilizer Prices & Crop Budgets | farmdoc S&D Tables & Price Prospects
ACE Commodity Markets Discussion | Field Crops Production Issues | The Value of Farmland
Presented by Joe Janzen and Scott Irwin
Presented by Gary Schnitkey and Nick Paulson
Presented by Joana Colussi
Presented by Jonathan Coppess
Presented by Bruce Sherrick
Many of the risk management decisions impacting 2023 crop production will be made soon. At the end of February, projected prices for crop insurance will be known.
We will cover decision related choices related to corn or soybeans, marketing, leasing, commodity title alternatives, & crop insurance alternatives
As 2023 gets underway, several items deserve increased attention for farm businesses. FBFM presents a Top 10 list of forward looking strategies to consider for a successful year. Changes in…
Many of the risk management decisions impacting 2023 crop production will be made soon. At the end of February, projected prices for crop insurance will be known.
We will cover decision related choices related to corn or soybeans, marketing, leasing, commodity title alternatives, & crop insurance alternatives
Corn rootworm remains the most economically damaging insect pest of corn in Illinois, though its impact in recent years has primarily been felt in the northern third of the state. The ongoing development of resistance to Bt traits has complicated management decisions for Illinois farmers. Join University of Illinois scientists to discuss the status of rootworm populations and Bt resistance throughout Illinois, as well as management recommendations for dealing with this troublesome pest.
Joana Colussi, Gary Schnitkey, Nick Paulson, and Eric Morgan recently traveled to Brazil as part of a research project on technology adoption among farmers, sponsored by the Lemann Center for…
Join us for this informative webinar where Ralph Kuchenbrod will provide essential tips and techniques for effectively and safely conducting searches in corn fields. Searches in agricultural settings like corn fields present unique challenges and risks that searchers must be prepared for.
Precision Conservation Management (PCM) has collected and analyzed production data on Illinois farms since 2015, with additional data from farms in Kentucky and Nebraska. In this webinar, Megan Miller (IL Soybean Association), Laura Gentry and, Greg Goodwin (IL Corn Growers Association), and Gary Schnitkey (University of Illinois) will share results from PCM's extensive dataset, providing valuable insights for farmers interested in implementing conservation practices.
Please join Dr. Aaron Hager and Travis Wilke of the University of Illinois for a webinar discussing their upcoming statewide survey of waterhemp resistance to Group 15 herbicides. Waterhemp is…