March Ag Decision Maker Updates

Newsletter (PDF)

New Census of Agriculture reveals more farms, more farmers in Iowa
Profitability of winter cereal rye in integrated crop-livestock systems
Internal and external uses compete for hay and grazing land
Shifts in global competition

Information Files

Crops — Costs & Returns

Crops — Machinery

Livestock — Costs & Returns

Whole Farm — Leasing

Ag Decision Maker

An agricultural economics and business website.

Ag Decision Maker updates – February 2024

Newsletter articles

Farmers and other small entities may need to file beneficial ownership reports
Cattle, sheep inventory cycles are changing
Cybersecurity takes a community
Mixed messages on exports
Landowner education program

Information Files

Historical Costs of Crop Production — A1-21
Farm Bill Programs: Data and Methods for ARC-County and PLC — A1-33
Livestock Planning Prices — B1-10
Historical Hog and Lamb Prices — B2-10
Historical Cattle Prices — B2-12
Cattle Marketing Decisions — B2-35
Lean Hog Basis — B2-41
Live Cattle Basis — B2-42
Feeder Cattle Basis — B2-43
Feeder Steer-Heifer Price Spread — B2-45

Decision Tools

ARC-CO & PLC Per Acre Payment Estimator for Iowa, 2024-2025 — A1-33
ARC-CO & PLC Per Acre Payments Projections for Iowa, 2019-2023 — A1-33
Supplemental Coverage Option (SCO) and Enhanced Coverage Option (ECO) County Yields for Iowa — A1-44
Cow Sell Calculator — B2-35
Cow Repurchase Calculator — B2-35
Metric Conversions — C6-80
Estimated Storage Capacity for Grains, Forages, and Liquids — C6-82

Ag Decision Maker

An agricultural economics and business website.

Position open! Farm Management – Northeast Iowa – Agriculture and Natural Resources Extension Specialist

Join our team!

NE Iowa Farm Management Position – open now! Application deadline is February 11, 2024.

This position will focus on all aspects of farm and agricultural business management and entrepreneurial activities. Program leadership areas include agricultural marketing; government agricultural programs; and human resources issues on the farm. Team programming will also include agricultural financial management; farm lease contracts and land management; economics of crop and livestock production; risk management tools; and other farm management related program areas. In addition, this position will be part of the core farm management team and assist with statewide programming and area interdisciplinary team efforts. Program audiences include farmers, farm families, landowners, agricultural businesses, cooperatives, farm organizations, commodity groups, citizen organizations, community colleges, and mass media.

Apply today to join our team!

Ag Decision Maker

An agricultural economics and business website.

Ag Decision Maker updates – January 2024

Newsletter Articles

Newsletter thumbnail

“Would You Rather” pork market edition

Another strong production year

Keys to understanding cattle market report lingo

Information Files, Decision Tools, and Video

Crops — Costs & Returns

Crops — Storage & Markets

Crops — Outlook

Livestock — Outlook & Prices

Whole Farm — Costs & Returns

Whole Farm — Human Resources

Ag Decision Maker

An agricultural economics and business website.

Ag Market Outlook, January 15, 2024 with Chad Hart, Iowa State University Extension Economist

The January report is usually a big one, as it contains the “final” estimates for the 2023 crops. Beyond that, this report is also the one where they adjust the 2018-2022 data based on the Census of Agriculture. There was a lot going on, with the punchline being, USDA found even bigger crops and stocks, pressuring the markets down.

For 2023 corn, planted and harvested acreage was reduced, but the national average yield was increased by 2.4 bushels per acre, leading to a 108 million bushel increase in production. Feed and residual use was boosted by 25 million bushels, and there was a 50 million bushel increase in ethanol. Putting everything together, 2023-24 ending stocks increased by 31 million bushels, approaching 2.2 billion bushels. USDA lowered its 2023-24 season average price by five cents to $4.80 per bushel.

For 2023 soybeans, it was a similar tale: acreage down, yield up (0.7 bushels). Production increased by 36 million bushels with minimal changes were made to usage. So 2023-24 ending stocks moved up 35 million bushels (to 280 million) and USDA lowered its 2023-24 season average price to $12.75 per bushel (down 15 cents).

Ag Decision Maker

An agricultural economics and business website.

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