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Corn and Soybean Prices Continue to Retrace 2012 Drought Rally (5/20/2013)
Corn and soybean prices rallied sharply beginning in July 2012 as U.S. drought conditions unfolded. It was generally expected that prices would follow the pattern experienced in other “short crop” years, with prices peaking near harvest and then returning to pre-drought levels later in the marketing year. That pattern has generally unfolded, with some differences between corn and soybeans and between old crop and new crop prices.  More... |
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Balance Sheets on Grain Farms from 2005 to 2011 (5/14/2013)
The period of high grain farm incomes since 2006 has led to an overall strengthening of balance sheets on grain farms. Some concerns exist that much of this strengthening could erode quickly during a period of lower returns and declining farmland prices. While these concerns are legitimate, farmers have generally prepared themselves well to withstand lower returns. . More... |
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Late Planting and Tools in FAST (5/1/2013)
The Planting Decision Model includes a “Returns by Planting Date” module which calculates projected returns from corn and soybeans by planting date in northern, central, and southern Illinois. According to projections in this tool, corn will be the more profitable to plant in all areas until late May. In central Illinois, corn is projected more profitable than soybeans into June.. More... |
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The 2013 ACRE Decision (4/23/2013)
Farmers and landowners have until June 3rd to enroll their Farm Service Agency (FSA) farms into the Average Crop Revenue Election (ACRE) program, an alternative within the 2008 Farm Bill to the Direct and Counter-Cyclical program (DCP). While ACRE likely will pay less than DCP, enrollment in ACRE may still be advisable as ACRE will make large payments if revenue is low. More... |
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2013 Cash Rents on Professionally Managed Farmland in Illinois (4/9/2013)
Rents on professional managed farmland will be higher in 2013 than in 2012, continuing a string of years of cash rent increases. The increase in 2013 is less than that which occurred between 2011 and 2012. More... |
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Recent Price Changes Alter Relative Corn and Soybean Returns (4/4/2013)
During the first quarter of 2013, price changes have increased expected soybean returns relative to expected corn returns. On lower productivity farmland, soybeans are now projected more profitable than corn. More... |
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