Ag Policy

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    June 29th, 2015


    Largest Decrease in Cash Rents Since 1987

    I was reading the latest Ag Letter from the Chicago Federal Reserve and noticed an interesting tidbit on cash rents. The first part of the letter addressed farmland values being relatively flat to slightly negative for the first quarter of 2015. A chart on page 2 showed the annual percentage change in cash rents for […]

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    June 26th, 2015


    Extreme Drought Hits Washington State – USDA Provides Some Relief

    Ranchers in Eastern Washington may be eligible for financial drought relief from USDA after the US Drought Monitor reached D2, or extreme drought, for eight consecutive weeks.  I know that this weekend is supposed to hit 111 or higher on both Saturday and Sunday and almost all of next week is expected around 105 or […]

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    June 22nd, 2015


    Is it a Bubble or Not?!

    Marketwatch.com is published by the Wall Street Journal and last week they had an article on “Spiking farmland prices offer a lesson on market bubbles“.  From the title, you would naturally assume that they believe farmland prices were at the bubble stage and headed for a large fall.  However, in reading the article, it appears […]

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    June 18th, 2015


    Did High-Yield States Elect More PLC

    The FSA released information on Monday that showed the amount of farms and acres electing ARC and PLC on both a national and state basis for each covered crop. I was curious if those states with very high yields (such as Missouri and Illinois) in 2014 would elect more PLC than other states since they […]

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    June 16th, 2015


    Who Was Closer – CBO or Paul?

    The USDA yesterday released data on the sign up for ARC and PLC by all of the covered crops.  As expected from our posts before on the subject, most of the corn and soybean acres signed up for ARC-CO versus PLC.  Summarizing some of the major crops as follows: Of the crops on the table, […]

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    June 12th, 2015


    Verify AGI Now

    Producers who will receive some type of program payment for the 2014 crop year (ARC or PLC) will need to verify their Adjusted Gross Income (AGI) with FSA before they will be eligible for a payment.  Even though the payment will not be received until after October 1, 2015, the verification of income is based […]

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    June 5th, 2015


    Washington State Fruit Grower Hit With $2.25 Million Immigration Fine

    Broetje Orchards in Washington State has agreed to pay a $2.25 million fine for employing illegal immigrants, which is one of the largest fines ever levied an agricultural entity.  The case has spanned over four years and the penalty  levied was for employing almost 950 people who weren’t authorized to work in the U.S. according […]

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    June 4th, 2015


    Where Are Land Rents Headed?

    I am at the University of Missouri Emerging Issues in Agricultural Lending today.  I have two speaking sessions, but at the second session this morning, Jim Farrell, President and CEO of Farmers National Company gave a presentation on the trends in land and cash rents. The bull market in farm land started in the fall […]

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    June 3rd, 2015


    EPA and Corps Final Clean Water Rule’s Potential Impacts on Farming

    The EPA and Army Corps of Engineers recently published a final rule to clarity the definition of “waters of the United States” under the Clean Water Act (CWA). Why is this important for farming?  There are rules within this act that require an EPA permit for all discharges of pollutants to “waters of the United […]

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    June 1st, 2015


    FSA Has Updated Listing of Irrigated/Non-Irrigated Counties

    ARC-CO payments are made based upon the Olympic Average yield for each county on a covered crop-by-crop basis.  Normally, all of the production is totaled for the county and then divided by planted acres to arrive at the actual yield for that county. However, if enough of the production in that county for that covered […]

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