05/01/2024 SOURCE: farmdocdaily.illinois.edu
The costs of fertilizer, seed, and pesticide inputs have increased by 6-7% annually for corn and 4-6% annually for soybeans since the 2000 crop year. Input costs have, in general,…
Trends in Input Costs for Corn and Soybean Production in Illinois
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Topics: Agriculture US, Young Farmers, Economics,
The Use of State Business Incentives to Support Agriculture
The federal government is not the only public sector actor that influences farm operators and agricultural businesses. State governments also create and operate programs that support and grow their agricultural…
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Topics: Agriculture US, Sustainability, Government / Policies,
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Topics: Food/Nutrition, Climate Change, Weather, Food Security/Shortage,
Extreme Weather and the Food System
In today's farmdoc daily article, we explore how the impacts of recent extreme weather events have been felt among US households. Using results from the August 2023 wave of the…
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Topics: Wheat, Corn/Maize, Soybeans, Agriculture Global,
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Topics: Agriculture US, Economics,
Changes in Farm Employment, 1969 to 2021
The past half-century has witnessed tremendous change in farm employment, and it remains foundational to the economy in many rural regions. Farm employment — the number of workers engaged in…
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Topics: Economics, Fertilizer,
Nitrogen Fertilizer Prices Stabilize at High Levels in Spring 2023
In early June, retail nitrogen prices in Illinois were $1,116 per ton for anhydrous ammonia, $532 per ton for liquid nitrogen (28%), and $623 per ton for urea. Those prices…
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Topics: Agriculture US, Economics, USDA,
Economic Consequences of Capping Premiums in Crop Insurance
The study analyzes the economic consequences of capping farmer premiums for crop insurance offered by the USDA Risk Management Agency (USDA-RMA). A cap on the premium-to-liability ratio of 4.0% would…
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