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Around the County

Frequent information updates for agricultural audiences

Will Crop Insurance Make Payments in 2014 - from Gary Schnitkey

Posted by John Fulton -

In Illinois, crop insurance payments on corn likely will be lower in 2014 than in 2012 and 2013. Crop insurance payments in 2014 likely will not be large for soybeans. For both corn and soybeans, harvest prices will be lower than projected prices. However, above average yields likely will counter price decreases, leading to low crop insurance payments. Somewhat ironically, crop insurance pa...

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Base Acreage Reallocation Option for the 2014 Farm Bill - from Carl Zulauf, Nick Paulson, Jonathan Coppess, and Gary Schnitkey

Posted by John Fulton -

This article discusses the one-time option the owner of an Farm Service Agency (FSA) farm has to reallocate, but not increase, its base acres. The article concludes that this decision is important because of the emerging low prices, because Price Loss Coverage (PLC) and Agriculture Risk Coverage (ARC) pay on base acres, and because the change in base acres can be substantive. For a broader po...

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2015 Illinois Crops Budgets - from Gary Schnitkey

Posted by John Fulton -

The 2015 Illinois Crop Budgets are available in the management section of farmdoc (click here for the budgets). Budgets are given for corn, soybeans, wheat, and double-crop soybeans grown in northern, central, and southern Illinois. Central Illinois is further divided into categories for high and low producti...

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