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  • 2026 Crop Insurance Harvest Prices for Corn and Soybeans
    October settlement prices of Chicago Mercantile Exchange (CME) futures contracts are used to set harvest prices on Federal crop insurance products for corn and soybeans in the Midwest.  Harvest prices are $4.75 per bushel for corn and $12.63 per bushel for soybeans. Both are above their projected prices, which are $4.62 for corn and $11.09 […]
  • Seed, Fertilizer, and Pesticide Costs: Comparing U.S. and Brazilian Soybean Farms
    Soybean farmers in both countries have little control over the prices they receive. Because individual farms sell in the same global market, their ability to compete depends largely on how much it costs them to produce a crop. This article compares what nine typical farms in the U.S. and Brazil spent on seed, fertilizer, and […]

Agriculture News

Lurkins reappointed to EPA advisory committee

Lauren Lurkins, Illinois Farm Bureau’s director of environmental policy, was reappointed to serve another term on EPA’s Farm, Ranch and Rural Communities Federal Advisory Committee (FRRCC). She previously served as the committee’s vice chairwoman. Learn more about the FRRCC and what its focus will be during the next two years.

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For the first time since the mid-1990s, rural or nonmetro areas saw a population increase

But rural America is still becoming older, with people 65 years and older making up more than 20% of the nonmetro population in 2021. And the four highest-employment industries didn’t include agriculture. How does that impact rural ag? USDA’s Economic Research Service annual report, “Rural America at a Glance,” found that despite the rural agriculture industry’s output per worker and total output have increased over time. FarmWeek’s Timothy Eggert shares the report’s findings on changes in the rural ag industry.

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This year’s average hog price could be the second-highest on record.

And hog farmers will likely see that continue in 2023. But profitability will depend on farmers’ risk management and marketing programs as inflation and high feed costs tighten margins. “There’s a lot of tools out there to put some protection under these relatively strong (hog) prices,” said Lee Schulz, associate economics professor at Iowa State University. He discussed the hog market outlook during the Ag Bankers Conference. READ MORE

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With most of the state’s corn and soybeans out of the field, producers shouldn’t employ the old store it and forget it strategy

Put the combine and grain cart away, but don’t put the truck away,” said Steve Johnson, retired Iowa State University Extension farm management specialist. “Keep the grain moving. These are some of the best basis offered this time of year.” He shared crop marketing tips during a meeting at the Knox County Farm Bureau office. READ MORE

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NRCS unveils Wetland Reserve Easement sign up

Illinois Natural Resources Conservation Service (NRCS) has $3.5 million available for its 2023 Wetland Reserve Easement program. The program helps landowners enhance and protect habitat for wetland wildlife on their land among other benefits. Learn more about the application process and deadline.

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Profit Watch: Effects of high inputs

Farmers’ 2023 budgets will likely be daunting to manage due to skyrocketing costs in all areas. Fertilizer and diesel costs, interest rates and more are all contributing factors. “Planting 1,000 acres of corn will be more than a million-dollar venture in 2023,” Gary Schnitkey, who projects crop budgets at the University of Illinois, told RFD Radio’s DeLoss Jahnke. READ AND LISTEN

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