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  • Economic Review of Milk Costs in 2024 and Projections for 2025 and 2026
    Higher milk prices coupled with lower feed costs still resulted in positive cash returns but continued negative economic returns for Illinois dairy producers in 2024, according to figures summarized by…
  • Crop Machinery Investment
    This article examines crop machinery investment and net annual investment per acre for various crop farm sizes. Larger farms tend to have lower benchmarks with regard to crop investment per acre and spend less on a per acre basis on machinery and equipment. The large differences in crop machinery investment and net investment per acre […]

Agriculture News

EIA: US ETHANOL STOCKS OFF MULTIYEAR LOW AS OUTPUT JUMPS

Moderate to severe drought conditions have hit the northeast corner of Illinois, primarily hitting McHenry and Lake counties and spreading into the northern parts of Kane, Cook and DuPage counties, according to the National Integrated Drought Information System. Farmers are concerned but remain optimistic. (Northwest Herald)

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FOOD PRICE SPIKE LOOKS LIKE RECIPE FOR TROUBLE

Emerging markets struggling to get hold of Covid-19 vaccines may be in for another kick in the guts: food inflation. The United Nations’ Food and Agriculture Organization (FAO) said on Thursday that its global food price index hit its highest level since September 2011. With groceries making up a greater share of their inflation baskets, developing nations will feel the biggest pinch. (Reuters)

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RURAL COMMUNITIES FACE CHALLENGES WITH GROWTH, DECLINE

The COVID-19 pandemic has brought new challenges to rural communities in Illinois facing questions on how to grow or how to stop the decline. A program called Smart Growth is a collaborative policy and planning concept rural communities can adopt to develop solutions that fit their specific wants and needs. (The Center Square)

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FARMERS’ OPPOSITION TO UK-AUSTRALIA TRADE DEAL GROWS –

Opposition among UK farmers is growing towards a trade deal close to being concluded with Australia. They say there are no meaningful safeguards in place to stop farmers being undercut by cheap imports. However, some, including farmers in Australia, believe it’s an opportunity for positive change. (BBC News)

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