Farm Operations

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    March 25th, 2015


    1,400 Joint Operations to Lose $50 million of Program Payments?

    The FSA just issued proposed Regulations yesterday regarding the active involvement of non-family members in a farm operation.  The Farm Bill had required FSA to come up with these new rules within six months of the passage of the bill.  And as usual, they are late. These new rules do not apply to a farm […]

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    March 18th, 2015


    Don’t Forget Those Generic Acres

    I was on the Farm Journal Farm Bill webinar yesterday and one of the subjects I covered was the cotton generic acres.  Because of the WTO rulings, the new farm bill does not have a cotton program (other than a special crop insurance STAX program).  However, for those farmers with old cotton base, they are not allowed […]

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    March 5th, 2015


    The Rural Main Street Index Slumps Into Negative Territory

    The February Main Street Index from Creighton University finally slumped into negative territory.  The January reading had been slightly above neutral at 50.9, but slumped sharply in February to 46.4.  The lowest index readings for the 10 states surveyed was in Nebraska at 44.4 with Minnesota slightly ahead at 44.6.  The best reading was for […]

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    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 […]

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    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 […]

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    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 […]

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    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 […]

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    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 […]

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    February 22nd, 2015


    Estimate of 2014 Corn ARC-CO Payments for $3.50-$4.00 Corn

    As in our previous post, I spent a lot of my day on Friday taking NASS data released last week and coming up with my estimates of corn ARC-CO payments for the 2014 crop year.  Several readers have already asked me for data on their county and since I finally made it home from Iowa […]

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    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 […]

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