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Latest farmdoc Daily Articles

Economic Review of Milk Costs in 2024 and Projections for 2025 and 2026

Higher milk prices coupled with lower feed costs still resulted in positive cash returns but continued negative economic returns for Illinois dairy producers in 2024, according to figures summarized by…

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Crop Machinery Investment

This article examines crop machinery investment and net annual investment per acre for various crop farm sizes. Larger farms tend to have lower benchmarks with regard to crop investment per acre and spend less on a per acre basis on machinery and equipment. The large differences in crop machinery investment and net investment per acre between small and large crop farms suggest that there are substantial economies of size regarding machinery and equipment costs.

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Area Add-Up Insurance Performance: Insights from Cotton STAX

Starting with crops harvested in 2026, premium subsidy for ECO and SCO area add-up insurance will be 80%. Coverage options are 90% or 95% for ECO and 90% for SCO. STAX area add-up insurance has offered 90% coverage – 80% subsidy for cotton since 2015. Ratio of indemnities net of farmer paid premiums to farmer paid premiums has been notably higher for STAX than individual farm insurance, especially when insurance price declined double digits. Performance should be similar for ECO and SCO.

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Impact of Estimated Farmer Bridge Assistance on 2025 Farmer Return Projections

The $12 billion in Farmer Bridge Assistance is intended to provide more immediate support between now and when ARC/PLC payments for 2025 would be received in October 2026. While payment rates have not yet been released, info provided about FBA was used to compute estimates which suggest around $35-40 per acre in support, on average, could be received by grain farms in Illinois. These FBA payments improve farmer return prospects compared with previous budget estimates released in August.

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U.S. Corn and Soybean Exports: Diversification Drives Growth in Corn and Cushions Decline in Soybeans

The U.S. agricultural export scenario has experienced a transformation in 2025, with diversification of export destinations emerging as an important factor for both the corn and soybean markets. While these two major commodities have followed different trajectories, with corn exports expanding and soybean exports contracting, both demonstrate the strategic value of diversified market portfolios rather than keeping a high dependence on a single market.

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The Distribution of Debt Burdens and Servicing Costs for Illinois Grain Farms Across Interest Rate Cycles

On Wednesday, the Federal Open Market Committee (FOMC) cut the federal funds target range by another 25 basis points to 3.50–3.75 percent, marking the third reduction this year and extending…

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Latest Farm Policy News Articles

Lawmakers Eye More Farm Aid on Top of USDA Bridge Assistance

Agriculture leaders in the United States House of Representatives are looking to provide at least an additional $10 billion in farmer aid to supplement the recently announced Farmer Bridge Assistance…

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China Halfway to Promised 12 MMT of US Soybean Purchases

China has secured at least 7 million tons of US soybeans after heavy buying in the past two weeks, passing the halfway mark toward meeting its 12-million ton purchase agreement…

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USDA Receives Mostly Negative Feedback on Reorganization Plan

The Agriculture Department received overwhelmingly negative feedback on its plan to relocate thousands of staff and consolidate dozens of offices, as employees, lawmakers and stakeholders said it could lead to…

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Health Insurance Spike Will Hit 2026 Farm Budgets, Farmers Say

Iowa farmers warned Monday that the expiration of enhanced premium tax credits under the Affordable Care Act (ACA) will sharply raise health insurance costs in 2026, forcing painful tradeoffs that…

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JBS Closing Beef Plant in California

JBS will permanently close a facility outside Los Angeles that prepares beef for sale at U.S. grocery stores, the world’s largest meat company said on Friday, as tight cattle supplies…

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$12 Billion Farm Aid Package Not Enough, Farm Leaders Say

U.S. farmers facing steep losses this year welcomed President Donald Trump’s $12 billion aid package announced on Monday, but said they would need more than that to fully offset low…

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