Protecting Future farming generations

The harvest prices have been officially announced at $4.16 for corn and $10.03 for soybeans.  The corn harvest price is 10.7% lower than the base price and the soybean harvest price is 13.2% lower than the base price.  Organic harvest prices came in at $7.39 for corn and $20.21 for soybeans.

No, unfortunately not.  The RMA has stated that not enough requests were submitted and there has not been a major weather event that has caused any undue hardship.  Consequently, late fees will begin to attach on October 1.

The base price for 2025 conventional wheat is $6.06 and is $12.10 for certified organic wheat.  If you plan to plant wheat this fall, give me a call or text and we can discuss your coverage options.  Sales closing is September 30.

The 2024 harvest price for conventional wheat is $5.51 and it is $10.94 for organic wheat.

Corn's is April 10 and soybeans is April 15.  If you plant before these dates, you are still eligible for a harvest loss, but you are not eligible for a replant loss.  Your policy would allow for a replant payment of up to $37.28/acre for corn and $34.65/acre for soybeans.

The final 2024 base prices for corn and soybeans have been announced.  The corn price is $4.66 and the soybean price is $11.55.  Last year, these prices were $5.91 for corn and $13.76 for soybeans.  

ARC-county is a free farm program that you can sign up for at your local FSA office.  You sign up by farm number and crop.  Your choices are ARC-county, ARC-individual, and PLC.  SCO is a supplemental coverage offered by your multi-peril crop insurance agent and is therefore signed up by crop in an entire county.  Both ARC-county and SCO are based on county yields, but the price used to calculate the guaranteed revenue for the two products will be much different in 2022.   There is a much more detailed discussion of ARC and SCO for 2022 the newsletter which can be downloaded below.  Send me a question by clicking in the circle of the lower right side of the screen if you have problems.

Margin Protection is a county-wide policy which seeks to protect farmers from rising input costs and/or low yields and falling prices.  The sales closing date for corn and soybean margin protection is September 30.  More extensive details about Margin Protection can be found in my newsletter entitled 2023 Margin Protection which can be found below in the newsletter section.

Yes.  For the best results, you should not forward contract more bushels than your RP policy guarantees and you should manage your deliveries to as close to the month of October as you can.  For more information, download the file entitled "RP and Forward Contracts" below.