March 21, 2018

BREAKING - Omnibus Bill Includes Section 199A Fix

Wednesday night Congress released a 2232 page Omnibus spending package to keep the government's doors open. It includes, beginning on page 2033, a fix to the so-called "Grain Glitch. It appears the fix is retro-active to January 1, 2018.

March 20, 2018

Export Outlook for Soybeans | an interview with Todd Hubbs

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Recent data on the soybean export pace indicates stronger weekly sales. This offers hope for meeting the USDA marketing year export projection. The size of the 2018 crop in South America and the competitiveness of U.S. export prices, says University of Illinois Agricultural Economist Todd Hubbs, remain essential to determining U.S. export possibilities for the remainder of the marketing year.

ILLINOIS Ag Economist Todd Hubbs discusses the potential for U.S. soybean exports to meet USDA's stated marketing year goal with Todd Gleason.

March 15, 2018

Trends in Farm Balance Sheets Over Time

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Trends in the financial position of Illinois farms are presented in this article.

University of Illinois Agricultural Economist Gary Schnitkey explored Illinois Farm Business Farm Management balance sheets to see how they have changed over time. He discusses those changes with University of Illinois Extension Farm Broadcaster Todd Gleason.

Overall, farms gained financial strength from 2006 to 2012. Since 2012, working capital has declined. The net worth and debt-to-asset position of most farms remain strong, but per acre net worth has decreased and the debt-to-asset ratios have increased in recent years. Those are worrisome trends. Future financial performance depends on returns. Likely financial performance given differing commodity prices are presented at the end of this article.

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