January 21, 2021

2021 Farm Bill Decisions for Crop Producers

Crop producers need to make their 2021 farm program choices at their local Farm Service Agency (FSA) office (or online) by March 15, 2021. Producers have the option of choosing either the Agriculture Risk Coverage (ARC) or the Price Loss Coverage (PLC) program. In this episode of the Purdue Commercial AgCast, Purdue agricultural economists Michael Langemeier and James Mintert review how the most commonly chosen program options during the last sign-up period played out for the 2019 crop and are likely to play out for the 2020 crop. They conclude with a discussion about how to go about making your 2021 program elections. Find the accompanying pdf document of this discussion below.

 

Print Friendly Version (pdf)

 

TAGS:

TEAM LINKS:

RELATED RESOURCES

Conventional & Organic Enterprise Net Returns, FINBIN data from 2019 to 2023

July 12, 2024

This article summarizes net returns for conventional and organic crop enterprises using FINBIN data from 2019 to 2023. Organic corn and soybean enterprises had lower crop yields, higher crop prices and gross revenue, and higher net returns. However, there was a much wider difference in enterprise net returns among organic corn and soybean enterprises than there was among conventional corn and soybean enterprises.

READ MORE

Corn & Soybean Basis Strengthen Through June & July

July 12, 2024

Depending on where you are located, Indiana corn and soybean basis have seen large swings in the last six weeks. For example, SE Indiana corn basis was -$0.13/bu. in the first week of June but was $0.03/bu. on July 10th. Unlike history suggests, the movement has generally been a strengthening in basis for both corn and soybeans.

READ MORE

Corn Was King: The Transition to Soy in U.S. Production Agriculture

July 11, 2024

Margaret Lippsmeyer presented during agri benchmark’s 2024 annual conference in mid June, which was hosted by the Spanish Ministry of Agriculture in Valladolid, Spain. An increase in soybean acreage may come from either (a) shifting away from continuous corn rotations to corn-soy and (b) shifting corn-soy rotations toward corn-soy-soy. Based on agri benchmark¬†data, Margaret showed that option (a) would require an increase in soybean prices of 6% and option (b) of 8% to make these rotations preferable over existing ones.

READ MORE

UPCOMING EVENTS

We are taking a short break, but please plan to join us at one of our future programs that is a little farther in the future.