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FAPRI’s Westhoff discusses row crop market outlook under the new farm bill

Row crop market outlook under the new farm bill

Bobby Coats, Professor

January 29, 2019

4 Min Read
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New supply and demand reports to add to market information following shutdown.

Dr. Pat Westhoff’s recent “Market Outlook under the 2018 Farm Bill” webinar provided timely and insightful expectations. Pat did a masterful job of explaining the current market knowns and unknowns, due to the government shutdown, which stopped the availability of a vast array of USDA market analysis, data and information reports. The absence of USDA’s January 11, 2019, Supply and Demand Estimates report was particularly problematic for commodity analysts globally.    

With the U.S. government now open, at least for the next three weeks, through February 15, 2019, we see good reason to believe USDA will be able to release the February 8 Supply and Demands Estimate report, but until that release, please enjoy Pat’s webinar video recording, which is indexed by topic discussed, allowing the viewer to quickly view the segments most important to them.  

Webinar Highlights

Final approval of the 2018 farm bill removed one source of uncertainty for the farm sector, but trade issues and normal supply and demand uncertainties remain. Westhoff summarized important features of the new farm bill for crop producers and discussed what is known and not known about the market outlook. The Webinar was produced on January 24, 2019.

Westhoff is the director of the Food and Agricultural Policy Research Institute (FAPRI) and the Howard Cowden Professor of Agricultural and Applied Economics at the University of Missouri.

Westhoff’s Market Outlook under the 2018 Farm Bill webinar video indexed by topic. Please click or cut and paste link.

00:01 minutes - Intro Slides and Credits, link

00:20 minutes – Webinar Introduction with Bobby Coats, Professor-Economics, University of Arkansas System, Division of Agriculture, Department of Agricultural Economics and Agribusiness, Cooperative Extension Service, link

Dr. Pat Westhoff, Webinar recording indexed topic links

01:31 minutes – Intro: The Market Outlook under the New Farm Bill, link

02:24 minutes – Markets are always uncertain, link

07:41 minutes - Agriculture Improvement Act of 2018: The new Farm Bill, link

08:48 minutes - PLC payment yields, link

11:39 minutes - Other ARC and PLC issues, link

13:58 minutes - Loan rates and Some other farm bill provisions, link

16:59 minutes - Macroeconomic environment, link

20:42 minutes – Market Outlook Soybeans, link

22:28 minutes - How we got here: Record U.S. crop yields and Trade Disputes, link

23:59 minutes - China’s agricultural imports from the U.S. and Implications of China’s soybean tariff, link

25:37 minutes - U.S. and Brazilian soybean prices, 2018, link

28:50 minutes - FAPRI-MU Nov. preliminary baseline, link

30:30 minutes - Why are FAPRI-MU baseline prices for soybeans below futures? link

37:22 minutes – Market Outlook U.S. Corn and Change in Chinese corn data link

42:28 minutes – Market Outlook U.S. wheat prices link

44:06 minutes – Market Outlook U.S. upland cotton prices link

47:10 minutes – Market Outlook U.S. long grain rice prices link

49:07 minutes - Summary points link

50:06 minutes - Final comments link

Article: Key issues to consider with new farm bill, New farm bill includes important changes link

Coble Farm Bill Webinar

Keith Coble, Giles Distinguished Professor and Head of the Agricultural Economics Department at Mississippi State University, will offer a new webinar, A First Look at the Farm Bill, January 31, 2019 8 AM CST

Coble focuses on agricultural policy, insurance, and agricultural data analytics. Within his profession, Coble is the President-elect of the Agricultural and Applied Economics Association (AAEA). He has testified before Congressional Committees on three occasions regarding agricultural policy and served as the Chief Economist for the Minority Staff of the Senate Agriculture, Nutrition, and Forestry Committee during the 2013-2014 farm bill debate.

This seminar will focus on the provisions of the new Agricultural Improvement Act of 2018. Specific provision of interest to row crop farmers will be examined.

Link to Register:

Source: Bobby Coats, professor in the Department of Agricultural Economics and Agribusiness, University of Arkansas System, Division of Agriculture, Cooperative Extension Service. E-mail: [email protected], is solely responsible for the information provided and is wholly owned by the source. Informa Business Media and all its subsidiaries are not responsible for any of the content contained in this information asset.




About the Author(s)

Bobby Coats

Professor, Department of Agricultural Economics and Agribusiness, University of Arkansas System, Division of Agriculture, Cooperative Extension Service

Bobby Coats is a professor in the Department of Agricultural Economics and Agribusiness, University of Arkansas System, Division of Agriculture, Cooperative Extension Service.

E-mail: [email protected].


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