Compared with last spring, reported farm diesel prices are 71¢ per gallon lower, or down 27%.
It’s worth keeping in mind the markets – all markets – are dealing with a massive amount of uncertainty.
Keep in mind that the price ratio in recent years has been historically favorable to soybeans.
Median farm income is perhaps a measure that best describes the structure and demographics of U.S. farms, rather than the health of the U.S. farm economy.
Over the last decade, China’s domestic consumption has increased by an equivalent of 100 million acres of Chinese production.
In 2018, budgeted corn seed expense was $111 per acre. This represents a $12-per-acre decline over two years, or a 10% decline. The decline is a welcome improvement for producers.