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Revenues Below $700 per Acre Possible with Corn in 2017


For farmland having an expected corn yield of 190 bushels per acre, a reasonable expectation of 2017 gross revenue is $741 per acre. Obviously, revenue will vary from the $741 expectation depending on price and yield outcomes. In this article, possible 2017 crop revenues, crop insurance payments, and Agricultural Risk Coverage (ARC) payments are evaluated using the historical price and yield changes from 1975 to 2016. The analysis uses corn yields from Logan County, Illinois. For each year, the sum of crop revenue, crop insurance payments, and ARC payments equals gross revenue. The historical analysis suggests that 2017 gross revenues can range from a low in the mid-$600 range to a high of over $900 per acre.

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Mike's Blog | Transition Part I

A few repeated questions have surfaced after the recent announcement regarding my transition soon from President and CEO of ProAg to Chairman of the Board and then, in 2018, to full retirement. These frequently asked questions give me a chance to jump start the blog and dispense what might pass for wisdom or at least interesting observations....


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Mike's Blog | Transition Part I

A few repeated questions have surfaced after the recent announcement regarding my transition soon from President and CEO of ProAg to Chairman of the Board and then, in 2018, to full retirement. These frequently asked questions give me a chance to jump start the blog and dispense what might pass for wisdom or at least interesting observations....

U.S. Rice Production Estimates Drastically Reduced

Severe flooding in the mid-south, in particular in Arkansas, the top rice producing state in the country, have forced the industry to drastically reduce estimates for the coming year....


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