The USDA published its preliminary long-run Agricultural Baseline Projections for the farm economy on November 7, 2024. This report includes the first estimate of the 2025 season-average farm price from the USDA, as well as …
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Prevented Plant Example Calculations for Wisconsin in 2024
Paul D. Mitchell and Jeff Hadachek, Agricultural and Applied Economics, UW-Madison (608-265-6514, pdmitchell@wisc.edu and 608-262-2696, hadachek@wisc.edu) Here we present some example calculations and explain the prevented plant options for hypothetical cases to help farmers understand their …
Forage Options for Prevented Plant Acres in Wisconsin in 2024
Paul D. Mitchell and Jeff Hadachek, Agricultural and Applied Economics, UW-Madison (608-265-6514, pdmitchell@wisc.edu and 608-262-2696, hadachek@wisc.edu) and Kevin Jarek, Outagamie and Winnebago County Crops and Soils Educator, UW-Madison (920-832-4763, Kevin.Jarek@wisc.edu) Wisconsin’s wet spring has slowed …
Updates on ARC and PLC Recommendations for 2024
Farmers have until March 15, 2024 to make their final commodity program decisions for their base acres for each crop and each FSA farm. Price expectations for 2024 crops have declined since January, so that …
2024 ARC and PLC Recommendations in Brief for Wisconsin Farmers
Expected prices for 2024 are above PLC effective reference prices, so I recommend ARC-CO for corn, soybeans, wheat, and oats for Wisconsin farmers. However, if you want to add SCO (Supplemental Coverage Option) crop insurance …
ARC and PLC Recommendations for 2024
With the 1-year extension of the 2018 Farm Bill, farmers have until March 15, 2024 to make their commodity program decisions for their base acres for each crop and each FSA farm. Changes for this …
Ways to Reduce Borrowing for Your Farm
Interest rates for new ag loans have reached 15-year highs, averaging 8.5% for short-term loans during the 3rd quarter of 2023 in the region. Farmers are looking for ways to reduce borrowing as they look …
Marketing Assistance Loans – A Tool for Managing Interest Costs
As interest rates have risen to levels not seen since 2007, farmers are looking for ways to reduce their interest costs. Marketing Assistant Loans are one tool that many farmers may have forgotten about or …
Nitrogen Optimization Pilot Program (NOPP) and Crop Insurance Coverage
The Nitrogen Optimization Pilot Program (NOPP) was announced in late 2022 and the first Wisconsin farmers enrolled and planted their research areas in 2023. This post provides some guidance to those farmers enrolled in NOPP …
Estimating Custom Rates for 2023 Wisconsin Farm Operations
Paul D. Mitchell and Guang Tian, Agricultural and Applied Economics, UW-Madison PDF Version As the 2023 crop season get started, landowners and custom service providers are negotiating custom rates, but the newest Custom Rate Guide for …