Illinois had above trends in both corn and soybeans in 2022. However, a drought impacted yields in other states, and soybean yields were lackluster in many states. As a result, corn and soybean yields were below the trend in...
Illinois crop budgets for 2023 have been revised from their initial release in August (farmdoc daily, August 2, 2022). Corn prices have been increased from $5.30 per bushel in August to $5.60. Soybean prices increase from $12.70 to $13.40....
Source: Janzen Ag Law At the recent American Ag Law Association conference, I presented on a panel on how grain trading is moving from paper to digital contracting at all points in the supply chain. This post is a summary...
In response to relatively stronger net farm incomes, U.S. farm sector capital expenditures have increased dramatically in the last three years. In 2019, farm sector capital expenditures were approximately $30.1 billion. The forecasted value for 2022 is $44.2 billion....
After celebrating the first birthday of the Curious Plot brand in July, we took a moment to reflect on lessons learned from the experience and the considerable investment of time and money to make it happen. In the spirit...
Canadian agriculture has come another step closer to expanded fuel surcharge exemptions for essential farming activities, which will bring meaningful relief to farmers across the country. The House of Commons Standing Committee on Agriculture and Agri-Food has approved a private...
Grain farm incomes have been above average in 2020 and 2021 and are projected to remain above average in 2022. For 2023, projections are for lower incomes because of higher costs and projected lower grain prices. Much uncertainty exists...
On Wednesday, November 9, the USDA released its latest World Agricultural Supply and Demand Estimates, or WASDE. The WASDE report provides an updated point of reference for agricultural commodity price expectations. This article discusses changes made by USDA to...
Current corn and natural gas price projections suggest anhydrous ammonia prices above $1,100 per ton in the spring of 2023. In addition, global economic conditions and supply issues could increase nitrogen fertilizer prices. However, lower prices also are possible....
Metrics that can be used to measure farm profitability include earnings before interest, taxes, and amortization (EBITA), net farm income, the operating profit margin ratio, return on assets, and return on equity (Langemeier, 2020).  Each of these measures has...
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