McLean County Farm Bureau

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  • Under Pressure: The Size and Timing of the Harvest Low in Corn Basis
    US corn harvest-time corn basis bottoms in mid-October, coinciding with the peak of harvest activity. Average basis at the harvest-time low is about 11 cents below late-November levels. State-level lows average 16 cents, deepest in Missouri, Indiana and Illinois, and more loosely track local harvest progress. Avoiding sales at the harvest will realize gains on […]
  • The 2027 Margin Coverage Option (MCO) Decision
    The Margin Coverage Option (MCO) is an area-based crop insurance endorsement that provides protection against operating margin shortfalls, which can be driven by revenue decreases, cost increases or a combination…
  • Illinois Cash Rents in 2026 and Outlook for 2027
    The average cash rent for Illinois farmland saw a small decline for the second year in a row in 2026. Higher corn and soybean prices have improved the return outlook for both 2026 and 2027 compared to the previous three crop years, and producers are expected to receive relatively large payment from the 2025 ARC/PLC […]