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MFP Impact on 2019 through 2023 Incomes and Financial Positions

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MFP Impact on 2019 through 2023 Incomes and Financial Positions
Krista Swanson, farmdocDaily Team - University of Illinois
read farmdocDaily postMarket Facilitation Program (MFP) payments in 2019 of $50 per acre will reduce financial erosion on farms. Still, incomes for 2019 are projected to be over $100,000 lower than 2018 incomes.

2019 Northern Illinois Crop and Prevent Plant Budgets in July

FOR BROADCAST
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2019 Northern Illinois Crop and Prevent Plant Budgets in July
Gary Schnitkey, Agricultural Economist - University of Illinois Northern Illinois farmers have been facing the brunt of this season’s weather challenges. Their corn crop went in very late. Much of it after June the first. Up next we’ll hear an assessment of the damage as it relates to income potential.self contained 8:44 run time soq—FOR WEB
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2019 Northern Illinois Crop and Prevent Plant Budgets in July
Gary Schnitkey, Agricultural Economist - University of Illinois by Gary Schnitkey link to farmdocDaily articleOverall, projections suggest low returns for corn, soybeans, and prevent plant acres in Northern Illinois, an area that has been hard hit with wet weather, delayed planting, and prevent planting. Corn and soybean returns are projected to be lower than any year going back to 2000, even after including significant Market Facilitation Program (MFP) payments and estimates of crop in…

June Acreage Report Heightens Uncertainty

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June Acreage Report Heightens Uncertainty
Todd Hubbs, Agricultural Economist - University of Illinois by Todd Hubbs, University of Illinois Extension
link to farmdocDaily article and videoOn June 28, the USDA released the Acreage and Grain Stocks reports. While the Grain Stocks report provided support for both corn and soybeans, the Acreage report indicated higher than expected corn acres and lower than expected soybean acres. The acreage numbers injected a substantial amount of uncertainty into both markets that appears set to stay in place throughout the summer.
The 2019 June USDA Acreage Report rocked the corn market. University of Illinois Agricultural Economist Todd Hubbs explores those numbers in this interview with ILLINOIS Extension Farm Broadcaster Todd Gleason.A dramatic drop in principal crop acreage provided one of the many surprises in the Acreage report released on Friday. Driven by much lower soybean and wheat acreage, total principal crop acreage came in at …

WEDNESDAY WEBINAR

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FOOD AND AGRICULTURE IN THE 21ST CENTURY
Tomorrow (Wednesday from noon to 1pm central) former University of Illinois President Bob Easter will make a presentation on feeding the world in the 21st Century. 
Bob is an animal scientist specializing in pork production. He has made annual trips to China to teach pork production for more than three decades. I can only speculate that he will take up AFS in some detail and incorporate that into his 21st Century presentation. 
It is free. You or someone in your shop should register. The information should be very, very good. 
Todd Gleason
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Farmdoc Webinar: & in the 21st Century * Presented by Robert A. Easter, President Emeritus * Wed, Apr 17 - noon to 1 p.m. CDT * Will there be enough food by 2050? Protein demand, animal/crop production Registration: https://register.gotowebinar.com/register/1659489999268641293

Good Yields! Yes but a Warning | an interview with Gary Schnitkey

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Good Yields! Yes but a Warning | an interview with Gary Schnitkey
Gary Schnitkey, Agricultural Economist - University of Illinoisby Gary Schnitkey, University of Illinois
read farmdocDaily articleOn a national basis, corn and soybean yields were near record-breaking levels in 2018, with exceptional yields in central Illinois and the eastern United States contributing heavily to those near-record U.S. yields. Other areas had below-trend yields. The county yields for corn and soybeans presented in this article illustrate these facts. Much higher U.S. yields are possible if all areas have exceptional yields. However, all areas including Illinois should not expect above-trend yields in every year.Corn YieldsThe 2018 corn yield for the United States was 176.4 bushels per acre, just .2 bushels below the record yield of 176.6 bushels per acre set in 2017 (all yields in this article are from QuickStats, a website maintained by the National Agricultural Statistical Service). From a…

USDA Reports Provide Surprises for Corn

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USDA Reports Provide Surprises for Corn
Todd Hubbs, Agricultural Economist - University of Illinois


Friday’s USDA reports surprised the corn market. Todd Gleason has more on how more corn acreage than expected this year coupled with more corn leftover from last year than expected will influence prices.

by Todd Hubbs, University of Illinois
read farmdocdaily article
watch post USDA report webinar with Todd Hubbs and Scott Irwin

The USDA’s quarterly Grain Stocks report and annual Prospective Planting report delivered surprises to the corn market. A greater than expected corn stocks number combined with higher than expected planted acreage of corn gave very bearish news to corn prices. Soybean stocks and acreage came in neutral to slightly positive for soybean prices.

March 1 corn stocks came in at 8.605 billion bushels compared to an average trade guess of 8.335 billion bushels. The stocks estimate suggested feed and residual use of corn during the first half of the 2018–19 mar…

Pre-Season Tar Spot Checklist for Corn

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Pre-Season Tar Spot Checklist for Corn
Nathan Kleczewski, Extension Plant Pathologist - University of Illinois

Tar spot is a relatively new disease of corn in the Midwest. Todd Gleason has this pre-season checklist for farmers, roughly speaking, north of Interstate 80.

Tar spot has been showing up on field corn…
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Tar spot has been showing up on field corn in Iowa, Illinois, Michigan, Wisconsin, Indiana, Ohio, and Florida says University of Illinois Extension Plant Pathologist Nathan Kleczewski (kleh-CHEH-ski).

Kleczewski :20 …where we’ve had the most pressure.
  Quote Summary - That’s where it is found right now. But in terms of severity, where we have seen it the most and the pressure is the highest, if you would take the lower portion of Lake Michigan and draw a section around there, that is where we’ve had the greatest severity right now. That is where we’ve had the most pressure.

Kleczewski (kleh-CHEH-ski) says this is because tar spot…