Schedule F Net Farm Profit and Accrual Net Farm Income
November 9, 2018
It is widely accepted that accrual accounting provides a more accurate estimate of annual farm profitability than cash accounting or Schedule F net farm profit (Farm Financial Standards Council, 2017; Kay, Edwards, and Duffy, 2012). Though there are numerous adjustments...
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Reflections on the U.S. 2018 Midterm Elections
November 8, 2018
This article is composed of 4 short reflections on the 2018 U.S. midterm elections and their potential impact on U.S. farm economics and policy. Each was written independently. We often observe that outreach audiences like to develop their own synthesis...
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Notes on Fall Fertilization
November 7, 2018
With harvest almost complete in Illinois after another year with high to very high yields, it’s time to review some basics of fall fertilization. Neither fertilizer nor grain prices are historically high, so there’s reason to be aware of costs...
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2018 Harvest Prices and Crop Insurance Payments in Illinois
November 6, 2018
The 2018 harvest prices used to determine revenue on crop insurance products are $3.68 per bushel for corn and $8.60 per bushel for soybeans. While both the corn and soybean harvest prices are below projected prices, payments on 2018 policies...
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Using Stress Testing to Examine the Impact of an Increase in Interest Rates
November 2, 2018
Stress testing describes a range of techniques that can be used to assess the vulnerability of a farm’s financial statements and performance to changes in prices, production, or financing. Stress testing can be an extremely useful tool when evaluating strategies...
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Latest News Summaries
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U.S. Agricultural Exports Up From a Year Ago, But Chinese Tariffs Dim Soybean Prospects
November 7, 2018
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Effects of Ag Tariffs Ripple Beyond Exports
November 5, 2018
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USDA Agricultural Projections Show Decreased Soybean Acres
November 4, 2018
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Additional U.S. Trade Tariffs Possible as Ag Markets Absorb Impacts
October 31, 2018
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