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  • Trying to Picture a Base Acre Update Through a Hypothetical Change in 2025 Payments
    Echoes of a failed vote on an unfinished Farm Bill can still be heard, although the rumble of much bigger news tends to drown them out. As just one example,…
  • Illinois Crop Budgets for 2027
    Despite increases in projected production costs, particularly for fertilizers and fuel, improved pricing prospects for the 2026 and 2027 crop years result in higher per acre return projections compared with recent years. However, projected returns remain below longer-run averages. Downward price movements could quickly shift marginally positive projected returns back into the red. Pricing more […]
  • The Other Base Update Issue: PLC Base Yield
    Crop commodity program base acres have attracted considerable attention ever since their authorization in the 1980s (farmdoc daily, January 15, 2026; January 22, 2026; January 29, 2026; February 12, 2026;…