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  • Has Ethanol Increased Total US Corn Use?
    Corn processed into US ethanol has grown dramatically, and accounted for 37% of total US corn use during the 2018 market year (USDA (US Department of Agriculture), Office of the Chief Economist, November 2019).  A related, but broader issue is,…
  • Projected Net Incomes on Illinois Grain Farms in 2019 and 2020
    Due to lower corn and soybean yields, 2019 net farm incomes on Illinois grain farms are projected to decline more than $80,000 per farm from 2018 levels. The low yields are partially offset by higher corn and soybean prices and…

Agriculture News

U.S. ECONOMY, FARMLAND MARKET STUCK IN HOLDING PATTERN –

U.S. farmland prices have neither skyrocketed nor fallen back to earth since reaching record levels in 2013-14. Instead, land values, much like the U.S. economy in general, seem to be stuck in a holding pattern as forces pull the market in different directions. (FarmWeekNow)

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GIVING THANKS IN ALL SEASONS –

As we gather around our tables this holiday season, America’s farmers and ranchers have good reason to be thankful and to hope. Thanksgiving began on the farm, and I can’t think of a more fitting place for the roots of hope and gratitude to take hold. Yes, we have faced—and continue to face—hard times, but we don’t reserve gratitude only for the easy times. (Farm Bureau)

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FARM BUREAU SURVEY: THANKSGIVING DINNER COST RISES ONLY A PENNY –

The American Farm Bureau Federation’s 34th annual survey of classic items found on the Thanksgiving Day dinner table indicates the average cost of this year’s feast for 10 is $48.91, or less than $5.00 per person. This is a 1-cent increase from last year’s average of $48.90. (Farm Bureau)

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HOUSE DEMS SPLIT, BUT NARROWING ON USMCA –

President Donald Trump has said there are enough Democratic votes in the House to approve the U.S.-Mexico-Canada Agreement and lawmakers like Rep. Henry Cuellar, D-Texas, agree, but there are still deep reservations by some over how to replace the North American Free Trade Agreement. (Agri-Pulse)

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GRASSLEY PUSHES TRUMP, EPA TO MAKE CHANGES THAT WILL RESTORE BIOFUELS DEMAND

U.S. Sen. Chuck Grassley said Wednesday he met with President Donald Trump this week to push for changes that would restore demand for renewable fuel lost to oil industry waivers. (Des Moines Register)

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