The time to choose between ARC vs. PLC is quickly approaching. As part of the 2018 Farm Bill, farmers will have the option of choosing between ARC (Agriculture Risk Coverage) and PLC (Price Loss Coverage). You have the option of choosing by farm number and by crop. The deadline is March 15, 2020 for the… Continue reading ARC vs PLC….? We have the tool to help!
The January report has been known to produce surprises. Although the results were not what most expected or were hoping for the results were not as dramatic as some feared. Most private firms were leaning towards reduced yields of down .8 bu. in corn and .3 bu. in beans. The USDA saw it different in… Continue reading January USDA Production Results
The 2019 crop year has been one for the record books, and one that most producers are ready to forget! The decisions that have had to been made this year have been tough – especially in regards to planting vs. prevent plant, cover crops vs. leaving idle, and harvesting early vs. waiting for dry corn. … Continue reading The Changing Economy of Farm Payments
ARC vs. PLC It is decision time again for the ARC vs. PLC debate. As part of the 2018 Farm Bill, farmers will once again have the option of choosing between ARC (Agriculture Risk Coverage) and PLC (Price Loss Coverage). You have the option of choosing both by farm number and by crop. So you… Continue reading ARC vs. PLC
The average 2019 supermarket cost of a Thanksgiving dinner for 10 – turkey with all the trimmings and dessert – is up just a penny to from a year ago, according the American Farm Bureau Federation’s (AFBF) 34th annual survey. The average holiday dinner will cost $48.91, still less than $5 a head. The National… Continue reading Cost of Thanksgiving Dinner Up Just a Cent Over 2018: AFBF
U.S. Secretary of Agriculture Sonny Perdue announced the second tranche of 2019 Market Facilitation Program (MFP) payments aimed at assisting farmers suffering from damage due to unjustified trade retaliation by foreign nations. The payments will begin the week before Thanksgiving. Producers of MFP-eligible commodities will now be eligible to receive 25% of the total payment… Continue reading Second MFP Payment Will Be Issued Next Week
With harvest being so late and strung out in 2019, many of us are seeing stronger basis levels off the combine than in years past. These firmer basis levels can provide a better option than commercial storage or DP to stay long the market on your grain. Current basis levels are around -9 cents the… Continue reading Basis Contract a Possible Late Season Option