Agriculture

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  • Jan 27, 2015
    blog

    Cash flow planning with PLC, ARC-CO, ARC-IC

    Those currently involved in doing cash flow planning may wonder what amount, if any, can be included in a cash flow projection for estimated farm program payments from the 2014 corn and soybean crop, and possibly for the 2015 crop year. There are many variables that factor in to the calculation of potential farm program payments; however, by knowing a few of the basics, a person can make a reasonable estimate of potential payments for 2014, as well as possibly for 2015....More
  • Jan 6, 2015
    blog

    Market year average prices affect farm program decisions

    One of the key components for farm operators to understand as they evaluate the new farm program options is the concept of Market Year Average (MYA) price. The MYA price for a given crop year is used to calculate any potential payments for all three farm program options: Price Loss Coverage (PLC), Ag Risk Coverage-County (ARC-CO), and Ag Risk Coverage-Individual (ARC-IC). The historical MYA prices are also used to determine the benchmark revenues for both the ARC-CO and ARC-IC program options....More
  • Dec 30, 2014
    blog

    Agriculture in 2015: Farm program sign-up, renewable fuels, crop production and land values

    2015 is setting up to be another interesting year in the agriculture industry, following a fairly profitable year in 2014 for many livestock producers, but a far less profitable year for most crop producers in the upper Midwest. 2015 will bring farm program sign up, as well as continued uncertainty about renewable fuels. There are also crop production costs to consider, and the hope that land values continue to moderate....More
  • Nov 25, 2014
    blog

    Farm program signup begins

    Sign-up for the new farm program, which part of the new farm bill, is now underway at local USDA Farm Service Agency (FSA) offices. The new farm program will be in place for the 2014 to 2018 crop years for all eligible crops under the Commodity Title of the 2014 Farm Bill, including corn, soybeans, wheat and other crops....More
  • Sep 9, 2014
    blog

    Pay attention to FSA farm program information 3

    There have been several reports of the data on some FSA units not being accurate, due to changes in FSA farm units that occurred in the past five years. It is very important for farm operators and land owners to review this data, and to report any data that is not accurate the local FSA offices by September 26. This data will be used in the coming weeks for decisions on base acre reallocation and updating FSA payment yields on each FSA farm unit....More

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