McLean County Farm Bureau

FarmDoc Daily

• Another Round of Crop Insurance; Update from the Policy Design Lab
  Political power will fix nothing of its own volition—it only operates in one direction. This means that fixing the federal crop insurance program likely has only two catalysts: either a collapse in which crop insurance can no longer defy reality and the fundamentals; or rival political powers achieve changes that improve the program’s integrity and […]
• Burdensome Grain & Oilseed Stocks?
  Despite frequent headlines of burdensome grain & oilseed stocks, they are normal when measured appropriately. The important storyline is that stocks have not increased relative to use even though world yield of grains & oilseeds has been at or above trend since 2012. Stocks are not the reason prices and return are low.
• Nitrogen Prices Remain in Focus After Iran Conflict
  Nitrogen fertilizer prices have increased substantially since Operation Epic Fury commenced. Higher fertilizer prices are likely to continue into the fall. This longer-run price increase could result in a larger impact on farmer costs and returns in 2027 than in 2026. At that point, decision-making for the 2027 crop will present challenges. Given that nitrogen […]