Ag Policy

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    September 2nd, 2015


    If Crop Insurance Subsidy Disappears, Will Premiums Rise For All?

    Congress continues to discuss reducing or eliminating the subsidies for crop insurance premiums for those producers whose adjusted gross income exceeds a certain level ($750,000 is a current number discussed).  If these subsidies are eliminated for these farmers, it is likely that those farmers may stop participating in the RMA managed crop insurance system.  Instead, […]

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    August 27th, 2015


    Midwest Cropland Values Continue to Drop

    The Chicago Federal Reserve released their latest AgLetter earlier this month and their survey of land values in Iowa, Illinois, Indiana, Wisconsin and Michigan found annual decreases in cropland values in Iowa and Illinois of about 6-7% and small increases Indiana and Michigan.  Indiana values were actually up a bit from the first quarter and up […]

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    August 19th, 2015


    Wow!

    I have been doing the Pro Farmer Midwest Crop Tour for six years now.  The first two in the West, the next three in the East (including last years bumper crop) and this year in the West.  Until today, the most samples I ever saw on one route over 200 bushels was last year through […]

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    August 18th, 2015


    A Tale of Two Days

    Yesterday on the first day of the crop tour, I was pleasantly surprised by the South Dakota corn and soybean crop.  However, the corn crop in NE Nebraska on our route was at best average (in my opinion), but most everyone else indicated it was above average. Today’s route found us heading south out of […]

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    August 17th, 2015


    First Day of the Midwest Crop Tour

    Today was the first day of the Pro Farmer Midwest Crop Tour.  This is my sixth straight trip on the tour and after spending the last three years on the Eastern Leg, I decided to spend this year on the Western Leg.  My expectations for today was to see good crops in South Dakota and […]

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    August 15th, 2015


    The ProFarmer Midwest Crop Tour

    This will be my sixth year in a row of doing the Pro Farmer Midwest Crop tour.  My first two years I did the western leg, the last three were on the eastern leg and this year I go back and tour the western leg.  Here is a map from Pro Farmer showing the locations […]

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    August 12th, 2015


    How Might ARC-CO Payments Look Next Year

    We have final MYA prices for wheat, barley and oats.  Based on those prices, the benchmark price for each of these crops for the 2015 crop is as follows: Wheat $6.70 up 10 cents from $6.60 Barley $5.57 up 12 cents from $5.45 Oats $3.48 up 23 cents from $3.25 We do not have final […]

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    August 6th, 2015


    How Much Greater Will 2014/15 Farm Program Payments Be Than CBO Estimate

    Gary Schnitkey and Carl Zulauf from the University of Illinois just released a new estimate of total estimated ARC/PLC payments for the 2014 crop year (to be paid after September 30, 2015).  Their report estimates total farm program payments of about $5.7 billion for this year.  In their summary and commentary section, they indicate it is […]

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    August 4th, 2015


    Day 1 of the NSAC Annual Meeting

    I am attending the annual National Society of Accountants (NSAC) annual meeting in Denver.  For those of you who work with cooperatives who are not members of the NSAC, I would strongly encourage you to become a member. There are numerous education opportunities, resources, and great networking opportunities available. Also, if anyone of you reading […]

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    July 27th, 2015


    Organic, Conventional or GMO

    The Federal Reserve of Kansas City just had their annual Ag Symposium about two weeks ago.  One of the presentations was by Jill McCluskey, a professor at Washington State University on the demographic trends and consumer preferences regarding food.  The highlights of her presentation were as follows: Processed and fast food is the old trend – Farmers’ […]

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