McLean County Farm Bureau

FarmDoc Daily

• Common Questions on SCO and ECO
  The new higher subsidies for the Supplemental Coverage Option (SCO) and Enhanced Coverage Option (ECO) have generated significant interest among farmers. We recently released the Insurance Evaluator to help farmers make decisions concerning the use of SCO and ECO. Today’s article addresses three common questions that we have received relative to ECO and SCO.
• U.S. and Brazil Soybean Competitiveness: Farm-Level Costs and Returns
  Brazil’s rise as a dominant force in global soybean markets has become a central concern for U.S. producers, with 44% indicating in January they were “very concerned” about the competitiveness of U.S. soybean exports relative to Brazil. Since surpassing the U.S. as the world’s largest soybean producer in 2018, Brazil has continued to expand its […]
• Historical Cropping Patterns for Illinois Grain Farms
  Over the last ten years, when we look at the costs of producing corn versus soybeans, it has been more profitable economically to produce soybeans than corn, except for 2021 and 2022. This explains the general downward trend in the percentage of corn acres in crop rotations in Illinois. Over the last 30 years, we […]