University of Illinois ag economist Gary Schnitkey has released corn and soybean crop budget projections (net profits) for 2021.
Pierre, SD broke a high temperature record yesterday, July 27, coming in at 108 degrees. Many other locations also met or exceeded the 100 degree mark.
Today will only be hotter — and these types of temperatures can become dangerous! Be smart and be safe out there!
Latest U of I crop budget estimates peg avg. prices next year at $4.50/bu #corn and $12.35/bu #soybeans, down from averages of $5.25 and $13.60 for 2021. @farmdocDaily. Visit http://farmdocdaily.illinois.edu and http://farmweeknow.com for more info
Indiana Farmland Prices Hit New Record High in 2021 – Statewide, top quality farmland was up 14.1% (to $9,785 per acre), average up 12.5% (to $8,144) and poor up 12.1% (to $6,441) – Purdue Land Values and Cash Rents Survey. http://purdue.ag/paer