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Nov 4, 2024 | 
farmdocdaily.illinois.edu | Hongxia Jiao |Jonathan Coppess |Gary Schnitkey |Carl Zulauf
Since the tariff and trade conflicts that began in 2018, through the pandemic relief assistance efforts in 2020, American farmers have received an unusual amount of ad hoc and supplemental or emergency assistance (see e.g., farmdoc daily, April 18, 2018; July 31, 2018; August 16, 2018; August 28, 2018; May 22, 2020; July 10, 2020; September 3, 2020; June 6, 2022; April 5, 2023).
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Sep 19, 2024 | 
agriculture.com | Carl Zulauf
One of the widely-watched variables tracked by the U.S. Census of Agriculture is land in farms. This article is the first of two that examines changes in land in U.S. farms between the Agricultural Censuses of 1997 and 2022.
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Sep 5, 2024 | 
m.farms.com | Carl Zulauf |Gary Schnitkey
By Carl Zulauf and Gary SchnitkeyGiven Federal premium subsidies, crop insurance will provide payments to farmers that exceed the premiums they pay. Payments to farmers have increased over time as premium subsidies have increased. This article examines crop insurance as a payment program.
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Jul 16, 2024 | 
farmdocdaily.illinois.edu | Hongxia Jiao |Gary Schnitkey |Bruce Sherrick |Carl Zulauf
Since the inception of the modern crop insurance performance program, Illinois and the Midwest have had relatively low loss ratios compared to other areas of the country. This result holds even including the 2012 drought year in a relatively short history.
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Jun 27, 2024 | 
m.farms.com | Carl Zulauf
By Carl ZulaufUS labor productivity and cost are examined given the on-going discussion of labor’s role in current US inflation. Each measure used in this study has high variability, even on an annual basis. Short term changes should thus be viewed with caution. The rate of increase in nominal (i.e. not adjusted for inflation) cost of US labor has been increasing since 2015. It is higher now than at any time since the late 1980s.
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Jun 6, 2024 | 
m.farms.com | Carl Zulauf |Gary Schnitkey
By Carl Zulauf and Gary SchnitkeyIn response to higher inflation, the Federal Reserve has raised the effective Federal Funds interest rate from 0.08% in January 2022 to 5.3% currently. It is now higher relative to current inflation than its historical average over the last 60 plus years. In contrast, market interest rates relative to inflation are lower than history suggests. The latter is consistent with the market’s view that post-2020 inflation is temporary.
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May 17, 2024 | 
m.farms.com | Carl Zulauf
By Carl ZulaufThe Chairman of the House Agriculture Committee recently released additional details of a farm bill proposal in advance of a markup scheduled for May 23, 2024. (House Agriculture Committee, Press Release, May 10, 2024). At the top is a 10% to 20% increase to statutory reference prices to “account for persistent inflation and rising costs of production” (House Agriculture Committee, Title-by-Title Summary, May 10, 2024).
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Mar 15, 2024 | 
ravallirepublic.com | Carl Zulauf |Gary Schnitkey
The exit of dairy operations since 2017 has attracted considerable attention. The 2022 Census of Agriculture confirms a profound decline, even within the context of the long-standing decline in dairy herds. Love Funny Wow Sad Angry
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Mar 15, 2024 | 
agupdate.com | Carl Zulauf |Gary Schnitkey
The exit of dairy operations since 2017 has attracted considerable attention. The 2022 Census of Agriculture confirms a profound decline, even within the context of the long-standing decline in dairy herds. The economic pressure for fewer dairy herds is abating but remains notable. An important question is, “What role did current dairy policy play in the post-2017 consolidation?”According to the 2022 Census, 24,094 U.S. farms sold milk during 2022.
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Jan 4, 2024 | 
ravallirepublic.com | Carl Zulauf
In this article, I share some lessons I’ve learned from marketing crops for 25 years. My hope is you may find them helpful in your farming operation. Love Funny Wow Sad Angry
