Ag Policy

  • By: | Trackback Link | No Comments

    March 1st, 2015


    What is Your Current RP Guarantee

    Last Friday was the last day of the discovery price period for corn, soybeans, spring wheat and some other crops.  We now know that the corn price should be $4.15 (2014 – $4.62) and soybean price should be $9.73 (2014 – $11.36).  Spring wheat price should be $5.85 (2014 – $6.51).  These lower guarantee prices […]

    More
  • By: | Trackback Link | No Comments

    February 27th, 2015


    ARC-CO Reports Are Net Not Gross

    A reader sent an email to us indicating our reports of ARC-CO payments on corn for his county in Iowa were not correct.  This is a case where both of us are correct.  Our reports that we issued this week showed the estimated ARC-CO payments for each county on a net basis.  He was looking […]

    More
  • By: | Trackback Link | No Comments

    February 26th, 2015


    Let’s Not Forget Wheat, Barley and Sorghum!

    Earlier this week we had posted reports on various estimated ARC-CO payments assuming various MYA prices for Corn and Soybeans.  In this post, we are releasing reports for ARC-CO for wheat, barley and sorghum for all of the NASS counties.  Again, make sure to understand that these are simply calculations assuming NASS yields will equal final FSA […]

    More
  • By: | Trackback Link | No Comments

    February 24th, 2015


    NASS Yields To FSA Yields

    We had someone note that the yields per NASS do not tie out to the final yields per FSA.  I had taken a look at this a while back and noted that corn yields were usually within a bushel or two, but decided to review previous year’s corn yields and see how much of a […]

    More
  • By: | Trackback Link | No Comments

    February 23rd, 2015


    Soybean Estimated ARC-CO Payments

    Yesterday, we released a report on the estimated corn ARC-CO net payments per acre based upon a corn MYA price ranging from $3.50 to $4.00.  Today, we are releasing the estimated soybean ARC-CO net payments based upon soybean MYA prices ranging from $9.25 to $10.50 in 25 cent increments.  I was surprised how many counties […]

    More
  • By: | Trackback Link | No Comments

    February 20th, 2015


    NASS County Data Is Out

    NASS just released data yesterday on corn and soybean (along with some other crops) yields by county for 2014.  NASS presents yield per harvested acre in their report, however, yield per planted acre is the requirement for ARC-CO payment calculations.  Therefore, you cannot simply take the yield listed per NASS and use that in your calculations.  In […]

    More
  • By: | Trackback Link | No Comments

    February 13th, 2015


    Will FAV Favor ARC-IC

    For  farmers who grow vegetables (sweet corn, sugar beets, green peas, etc.), a reduction in their base acres for payments may occur each year.  FAV (fruits and vegetables) requires farmers to reduce their base acres for acres planted to either fruits or vegetables.  Since the new programs do not make payments on all base acres, farmers […]

    More
  • By: | Trackback Link | No Comments

    February 11th, 2015


    Harvert Price Option Event on the Hill

    Tomorrow, February 12, 2015, Senator Jeff Flake (R-AZ) and Representative John Duncan Jr. (R-TN) will introduce legislation pertaining to the Harvest Price Option (HPO) available for most revenue crop insurance programs.  The HPO allows for a claim when prices are actually higher than the initial discovery price.  For example, during the 2012 drought, having this option […]

    More
  • By: | Trackback Link | No Comments

    February 10th, 2015


    Is a Bird in Hand Worth 4 in the Bush?

    For many of our farmers mulling the decision between ARC and PLC it comes down to is it better to grab the “bird in hand” by electing ARC-CO on all corn acres (and wheat in the Pacifc Northwest) versus electing PLC in case prices go low for several straight years. I have run numerous calculations […]

    More
  • By: | Trackback Link | No Comments

    February 6th, 2015


    My Neighbor is Getting an ARC Payment, Why Not Me!

    I am starting to hear some of the “coffee talk” about neighbors getting ARC-CO payments for corn this year, but the farmer is not getting one and they ask “How can that be?”.  Now, the term neighbor can be a little borad since the neighbor may be 10-20 miles away, however, they may be at least […]

    More