Agriculture

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  • Mar 10, 2015
    blog

    Less than a month to make decisions on new farm programs

    Most farm operators have been contemplating farm program choices for the new farm bill for the past 6-8 months; however, decision time has now arrived. Producers have until March 31, 2015, to complete their farm program choice at local USDA Farm Service Agency (FSA) offices....More
  • Mar 3, 2015
    blog

    2014 Farm program payments become clearer

    The USDA National Agricultural Statistics Service (NASS) released the 2014 estimated average county yields for corn, soybeans and other crops in late February. These yields will offer a pretty good estimate of where final Ag Risk Coverage-County (ARC-CO) farm program payments are likely to end up for the 2014 crop year....More
  • Feb 10, 2015
    blog

    Farm program deadlines approaching

    The deadline to finalize decisions on base acre reallocation and updating payment yields at local Farm Service Agency (FSA) offices is Feb 27. The deadline for producers to complete the farm program choice on each farm unit, and potentially on each eligible crop, is March 31....More
  • 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

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