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Making Your Farm Bill Decisions in 2020

The Farm Bill Decision Making Workshop slidedeck presentation by Michael Langemeier and James Mintert.

2018 Farm Bill ARC/PLC Provisions 2019-2023

The Farm Bill Decision Making Workshop slidedeck presentation by Kaitlin Myers, State Agricultural Program Specialist from USDA’s Indiana Farm Service Agency.

Is USDA’s ARC-IC Program A Good Fit For You?

Recorded January 31, 2020 | Purdue ag economists Michael Langemeier and James Mintert focus just on the ARC-IC 2018 Farm Bill program to help clarify where it fits best.

Cattle Finishing Net Return Prospects for 2020

At the end of 2019, fed cattle prices were $122.00. This increase in fed cattle prices had a large impact on cattle finishing profitability in the fourth quarter of 2019. Moreover, fed cattle prices are predicted to remain strong through at least the second quarter of 2020.

Swine Finishing Feed Cost Prospects

Corn prices have been quite volatile in 2019. Corn prices in Indiana were approximately $3.70 per bushel in April, $4.55 in July, and $3.90 in December. Given the uncertainty regarding what gets planted to large amount of acres that were not planted in 2019 (i.e., prevent plant acres), corn prices are likely to also be volatile in 2020.

Trends in the Soybean to Corn Price Ratio

Using Indiana cash prices reported by USDA-NASS, the soybean to corn price ratio was quite variable in 2019 ranging from 1.93 in July to 2.37 in January. This leads to two important questions. How common or uncommon is it for this ratio to be substantially above or below the long-run average? Does a low or high ratio signal a change in the relative profitability between corn and soybeans?

Farm Data Usage in Commercial Agriculture

This survey provides a useful glimpse into the farm data lifecycle from collection to action to evaluation. We find that among large commercial corn and soybean operations, data collection is common (92% collect at least one type of farm data) and that collection is strongly related to farm characteristics.

2020-01 Ag Outlook

Agribusiness Council of Indiana presentation by James Mintert.

Farm Bill 2020 Decision Making Resources

We’ve compiled a few resources to aid in your Farm Bill 2020 decisions.

Farm Bill 2020 Decision Making Webinar

Recorded January 16, 2020 | Purdue agricultural economists, Michael Langemeier and James Mintert, and Kaitlin Myers, State Agricultural Program Specialist from USDA’s Indiana Farm Service Agency, discuss options for enrolling your farm in the 2018 Farm Bill program. Slides, the video recording, and the University of Illinois spreadsheet tool presented during the webinar are available. Updated and more detailed ARC-IC info is available here.

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