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  • 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 […]
  • Area Add-Up Insurance Performance: Insights from Cotton STAX
    Starting with crops harvested in 2026, premium subsidy for ECO and SCO area add-up insurance will be 80%. Coverage options are 90% or 95% for ECO and 90% for SCO. STAX area add-up insurance has offered 90% coverage – 80% subsidy for cotton since 2015. Ratio of indemnities net of farmer paid premiums to farmer […]

Agriculture News

About 2,900 farmer veterans are certified Homegrown by Heroes (HBH) throughout the country

What does that mean? As the official farmer veteran branding program of America, a HBH label certifies ranchers, farmers, and fisherman of all military eras to sell their product as veteran owned and produced. “There’s huge value in this label,” said Farmer Veteran Coalition Executive Director Jeanette Lomabrdo. And a new partnership between HBH and MarketMaker is not only winning national awards, but adding increased visibility and sales of HBH growers. READ MORE

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Economic guidance through market volatility

Continued market volatility and input price fluctuations can cause uncertainty in the decision-making process for 2023. As growers investigate ways to best manage their business finances and cash flow, GROWMARK’s Robert Bennett and Dana Hite say the FS Agri-Finance program offers many benefits and trusted solutions. READ MORE

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The U.S. started the month with about a 25-day supply of diesel in storage

This time of year, maybe 32 days supply or 34 days supply would be more applicable,” said Tim Abel, GROWMARK refined fuels, supply and trading manager. “It’s not unusual for the supply to be tight in the fall. We go through peaks and valleys. It’s also normal to a see a rebuild in the non-peak season.” He discusses the dynamics impacting supplies and prices.

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Farmers respond to wheat demand in northern Illinois

Increased demand, strong global prices and the largest wheat mill in the U.S. are all contributing to an increase in wheat acres in northern Illinois. “We’re very well situated to continue to provide farmers a fantastic outlet for locally grown wheat,” said Joe Greene of Archer Daniels Midland Co. ADM’s wheat mill in Mendota has the capacity to produce 3 million pounds of flour per day. It also produces about 22% mill feed, which goes into local markets for livestock feed. Greene talks more about the wheat and flour market with FarmWeek’s Daniel Grant.

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IFB launches action request to avert rail strike

Illinois Farm Bureau is calling on its members to urge Illinois’ congressional delegation to use its authority to intervene before a national railroad strike takes place. A rail lockout or strike would cause severe consequences to food security and the ag economy. Read more about the action request, which goes live at 8 a.m.

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Millikin University to launch new agribusiness major

An increased demand from students and the growing number of management jobs in agriculture led Millikin University to add an agribusiness major. Starting in the fall of 2023, students in the bachelor program within the Tabor School of Business will focus on applying business fundamentals to agriculture and agriculture-related industries. READ MORE

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