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Farmdoc daily

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University of Illinois ag economics with frequent grain/livestock policy & markets.

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New Commodity Program Base Acres
News•Mar 2, 2026

New Commodity Program Base Acres

The USDA’s Farm Service Agency will automatically add up to 30 million new commodity base acres for the 2026 crop year, making them eligible for ARC and PLC payments. Farms qualify if they planted or were prevented from planting a covered commodity between 2019 and 2023 and their planted‑and‑considered‑planted (P&CP) acres exceed prior base acres, using a formula that adds the lesser of 15 % of total farm acres or eligible non‑covered commodity acres. New acres are allocated to covered commodities in proportion to each commodity’s historic planting share, with unassigned generic base acres converted first and a national cap that may trigger pro‑rated cuts. Owners must elect the commodity for each new acre, while yields are drawn from existing PLC yields or county averages.

By Farmdoc daily
The U.S. Farm Machinery & Equipment Market: Sales, Inventories, and Tariff Headwinds
News•Feb 27, 2026

The U.S. Farm Machinery & Equipment Market: Sales, Inventories, and Tariff Headwinds

The U.S. farm machinery market entered a deep downturn in 2025, with tractor sales falling 9.9% to 195,857 units and combine sales plunging 35.6% to 3,579 units. Manufacturer inventories shrank 20.8% to $5.72 billion, while dealer surveys showed over two‑thirds reporting...

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Rewriting the RFS Playbook: The Impact of No Half-RIN and Higher RVOs on Projected Biomass-Based Diesel Production and Feedstock Use...
News•Feb 25, 2026

Rewriting the RFS Playbook: The Impact of No Half-RIN and Higher RVOs on Projected Biomass-Based Diesel Production and Feedstock Use...

The EPA is expected to drop the controversial half‑RIN rule and raise biomass‑based diesel renewable volume obligations (RVOs) to 5.25 billion gallons in 2026 and 5.61 billion gallons in 2027, roughly a 20% increase over the June proposal. Using an average equivalence...

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U.S. and Brazil Soybean Competitiveness: Farm-Level Costs and Returns
News•Feb 23, 2026

U.S. and Brazil Soybean Competitiveness: Farm-Level Costs and Returns

A recent Purdue Ag Economy Barometer survey shows 80% of U.S. soybean growers are concerned about Brazil’s growing export advantage. Farm‑level data from 2020‑2024 reveal Brazilian soybean operations in Mato Grosso have lower total costs per ton than Iowa farms, despite...

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Historical Cropping Patterns for Illinois Grain Farms
News•Feb 20, 2026

Historical Cropping Patterns for Illinois Grain Farms

The Illinois Farm Business Management Association’s data show that from 2015 to 2024 corn acreage declined across all three regions, with northern farms dropping from 61.6% to 56.4% of tillable land. Central Illinois farms hovered near a 50/50 corn‑soybean split,...

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Prospects for Swine Feed Costs in 2026
News•Feb 13, 2026

Prospects for Swine Feed Costs in 2026

Indiana corn prices averaged $4.45 per bushel in 2025 and futures suggest 2026 prices will cluster between $4.11 and $4.73 per bushel. Based on these projections, feed‑cost indices for farrow‑to‑finish and swine‑finishing operations are expected to dip slightly below 2025...

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US Grain Storage Capacity Growth Has Stopped
News•Feb 9, 2026

US Grain Storage Capacity Growth Has Stopped

US grain storage capacity expanded steadily from 2000 to 2019, adding roughly 350 million bushels per year, but growth has essentially stopped after 2020. Meanwhile, crop production kept rising, pushing the surplus capacity margin down to just 5 % in 2025. On‑farm...

By Farmdoc daily