McLean County Farm Bureau

FarmDoc Daily

• Agricultural and Construction Machinery Manufacturing in the Midwest: Employment, Exports, and Economic Importance
  Agricultural, construction, and mining machinery manufacturing remains an important link between the Midwest’s agricultural and manufacturing sectors. Farmers are more likely to purchase new equipment and replace older machinery when farm incomes are strong. Consequently, this industry is not only a key driver of Midwestern manufacturing competitiveness, but also an important indicator of the broader […]
• ARC-CO and PLC Payments: Improving Farmers’ Decision Making
  As a group, US farmers’ decision on which commodity program to elect captured only about 67% of potential ARC-CO and PLC payments during the 2021-2024 crop years. This article proposes a simple decision guide that a “what if” analysis found would have captured around 93% of potential 2021-2024 crop year ARC-CO and PLC payments, compared […]
• Historic Corn and Soybean Profitability and 2027 Planting
  Soon, the decision-making process for the 2027 crop will begin in earnest, and Midwest farmers will begin making acreage choices between corn and soybeans. Across all regions, soybeans have been more profitable than corn in most years since 2012. This history suggests that soybeans will be more profitable than corn in 2027 because crop prices […]