Prevented Plant Impacts on 2019 Illinois Grain Farms Incomes

In 2019, spring weather was very wet, and many farmers in Illinois had prevented plant (PP) acres. Compared to 2018 incomes, 2019 incomes declined more for those farms that had a larger proportion of their acres in PP. While some have suggested that PP payments may overcompensate farmers, the income results presented in a new paper from the Univeristy of Illinois do not support the contention. Todd Gleason has this discussion with ag economist Gary Schnitkey.

Self Contained

5:19 run time

The Acreage and Grain Stocks reports, released on June 30, produced some surprises for the corn market. The drop in acreage spurred a rally in corn prices and injected some optimism into the corn outlook moving into the 2020 marketing year. The market turns to weather forecasts and the upcoming WASDE report for price formation over the short term.

Companies along the food and fiber supply chain are thinking through how to incentivize clean water and conservation practices while providing for consumers' wants and demands.

- Matt Bennett, AgMarket.net

- "Sustainable" Row Crops, ILSustainableAg.org

- Mike Tannura, tstorm.net

- Jacquie Voeks, TotalFarmMarketing.com

- Drew Lerner, WorldWeather.cc

Recapping USDA's June Grain Stocks & Acreage Reports by Todd E. Gleason

REGISTER https://ilsustainableag.org/home-2/isaps-2020-risk-management-webinar-series/

Thursday at 11am central University of Illinois Extension agricultural policy specialist Jonathan Coppess will keynote a webinar on the future of consumer demand fro sustainably raised crops.

- Curt Kimmel, BatesCom.net

- Jason Franken, Western Illinois University

- Mark Russo, riskpulse.com

- Greg Johnson, AndersonsGrain.com

The June Hogs and Pigs report from the United States Department of Agriculture showed an increase in the size of the national herd. Todd Gleason has some of the reasons why.

- Dan Zwicker, Zwicker Consulting

- Mike Tannura, tstorm.net

- Matt Bennett, AgMarket.net