This year marked the return of the annual Ontario Federation of Agriculture (OFA) board tour after a two-year hiatus due to the COVID-19 pandemic. It’s a highlight on the calendar of OFA board members as it gives us an...
Brazilian grain producers are expected to begin planting in September.  If the weather cooperates, the Brazilian harvest could result in its largest grain harvest in history. The first forecast for the 2022/2023 season from the National Supply Company (Conab),...
Dry weather conditions during the 2021 corn growing season have left their mark on the 2022 soybean crop. Many producers are facing abnormally high concentrations of volunteer corn due to the small ears that did not get pulled into...
For the past several months increases in land values have been a major topic in farm publications and ag related social media. Sales in excess of $20,000/acre for prime cropland have become common, instead of an aberration. Demand for...
There has been much discussion around whether farmland prices are topping or if they will continue upward, albeit at a slower pace than the past year. The question especially arises after the large increases in land values of 20-30% or...
Based on Illinois Farm Business Farm Management Association (FBFM) records, average farm operator returns for labor and management on 2,053 Illinois farms was higher for all geographic areas in the state in 2021 compared to 2020 and above the...
Tesla has now sold more than 3 million cars worldwide. There is no doubt that automotive manufacturers are shifting research and development dollars towards making more electric vehicles (EVs) in order capture some of Tesla’s growing market dominance in...
It might be hard to think about winter when we’re still in the middle of summer, but if you’re a livestock farmer, that’s exactly what is suggested. Specifically, it’s time now to think about how and when you’re going...
Each year the Farm Credit Illinois (FCI) appraisal team evaluates the same 20 benchmark farms throughout its 60-county territory based on the land’s productive index (PI) rating, as calculated by the University of Illinois’ Bulletin 811. Based on individual...
Markets typically do not like uncertainty and commodity markets are no exception. The chart below depicts the effect on grain prices during times of uncertainty in world events over the past seventeen years. Grain prices normally rise during these times...
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