Hongxia Jiao

Gary Schnitkey, Bruce Sherrick, Carl Zulauf, Nick Paulson, and Jim Baltz - Weekly Farm Economics -

Ani Katchova, Suraksha Baral, Rae Ju, and Carl Zulauf - Carl Zulauf - The 2022 Census of Agriculture finds that the 2017-2022 period continued the ongoing 21st Century decline in number of farms and land in farms in US Midwestern states. These trends confirm the concern among agricultural stakeholders and policymakers regarding declining number of farms and land in farms; however, this concern has not yet coalesced into a policy issue on the national and farm bill agendas.

Gary Schnitkey, Brad Zwilling, Nick Paulson, Carl Zulauf, Bob Rhea, and Jim Baltz - Gary Schnitkey -

Jonathan Coppess - Jonathan Coppess - The Congressional Budget Office cost estimate for the House Farm Bill highlights a tradeoff for conservation policy. The additional funding for four conservation programs that was appropriated in the Inflation Reduction Act is used as an offset for increasing the permanent budget authority for those and other conservation programs. It exchanges more funding available to farmers for conservation that is temporary for lesser funding initially but that doesn’t expire.

Nick Paulson, Gary Schnitkey, and Carl Zulauf - Carl Zulauf -

Gary Schnitkey, Jonathan Coppess, Gary Schnitkey, and Nick Paulson - Carl Zulauf - In general, little relationship was found to exist between SCO payment per SCO insured acre and ARC-CO and PLC payment per base acre for barley, corn, oats, peanuts, long and medium grain rice, Japonica rice, sorghum, soybeans, and wheat over the 2015-2022 crop years. This finding raises questions about why SCO insurance can be purchased for historical base acres elected into PLC but not for historical base acres elected into ARC-CO.

Carl Zulauf and Gary Schnitkey - Carl Zulauf -

Jonathan Coppess - Jonathan Coppess -

Gary Schnitkey, Nick Paulson, and Carl Zulauf - Gary Schnitkey - A steep decline in prices across years has resulted in low to negative average returns to Midwest farms in 2023 and projected for 2024. Crop insurance programs are not designed to cover the risk of multi-year price declines and current commodity title programs are also expected to provide little relief for these low prices. Modifying commodity title programs to make them more market-responsive would aid in providing relief to farmers.

Brenna Ellison, Maria Kalaitzandonakes, and Jonathan Coppess - Maria Kalaitzandonakes - Results from the most recent wave of the Gardner Food and Agricultural Policy Survey show that the average U.S. consumer is still feeling the effects of inflation. While the rate of inflation is slowing down, this does not mean prices experienced by households will be lower or that their perceptions of inflation are improving. Our results indicate that over the last two years, consumers remain quite pessimistic about inflation.