McLean County Farm Bureau

FarmDoc Daily

• 2026 Area Add-On Insurance Purchases by US Farmers
  Over the last two years, administrative actions and the 2025 Farm Bill have raised to 80% the federal premium subsidy rate for area insurance added on top of individual farm insurance. Farmers responded. For the crops that USDA reports a cost of production (barley, corn, cotton, oats, peanuts, rice, sorghum, soybeans, wheat), all acres insured […]
• Sulfur and Increasing Phosphate Fertilizer Prices
  Fertilizer price increases associated with the conflict in Iran seem likely to result in higher fertility costs for farmers for the 2027 crop year. Much attention has been given to higher nitrogen fertilizer prices. Prices for phosphate fertilizers, such as Diammonium Phosphate (DAP), have also been increasing. Today’s article links the increases in phosphate fertilizer […]
• Illinois Farm Real Estate Values Increase Six Years in a Row
  The average farm real estate value for Illinois in 2026 was $9,250 per acre. This includes the value of all land and buildings used for agricultural production. The figure was 3.6% higher than the 2025 average of $8,930 per acre. This is the sixth year in a row of at least a 2.4% increase since […]