If producers are shielded from yield risk by crop insurance, does that affect their input use? New studies illustrate the role of actual production history and the dynamic nature of moral hazard in crop insurance.
How does what you paid for harvest labor compare with what others in the Northern Plains Region paid during the October survey week. For 2018, the average was $15.49, up 7% from 2017. Laborers worked an average of 47.4 hours that week.
Try this three-step method to develop a crop income projection for 2019 based on average yield estimates, commodity price projections, and direct cost and overhead. The 2019 crop production budgets can be used as a guide.