Ep. 76 Farmer Bridge Assistance (FBA) Payments and Implications for Arkansas Farmers

00;00;00;03 – 00;00;27;10
Dr. Hunter Biram
FBA payment rates are finalized. Arkansas to receive $347 million in total FBA payments, and at the farm level, few instances result in a breakeven point, despite FBA payments. That and so much more on this episode of morning Coffee like markets.

00;00;27;12 – 00;00;32;10
Dr. Hunter Biram
I’m your host today, Hunter Biram, and with me, I’ve got my partner crime, Ryan Loy. Ryan, how are you doing?

00;00;32;11 – 00;00;40;12
Dr. Ryan Loy
I’m doing fantastic, Hunter, and I’m glad to be back in the studio and, you know, sad to leave break, but it was also nice to come back feeling refreshed and ready to go.

00;00;40;12 – 00;00;42;26
Dr. Hunter Biram
Indeed. So, with that, Happy New Year.

00;00;42;29 – 00;00;43;29
Dr. Ryan Loy
Yeah, Happy New Year, man.

00;00;44;01 – 00;01;07;21
Dr. Hunter Biram
Very Happy New Year. Happy New Year to all of our listeners. We just want to say, just thanks so much for the support that you’ve given us so far. We’ve now released 75 episodes with the latest episode, being an awesome conversation with Jennifer James, and hope that that you check that out. And then the episode before that, actually was, talking with Scott Stiles about the December WASDE report and the Farmer Bridge Assistance program.

00;01;07;23 – 00;01;35;12
Dr. Hunter Biram
So today we’re actually going to revisit the Farmer Bridge Assistance Program and just start off with the total amount of payments that Arkansas is set to receive, or estimated to receive. I saw an American Farm Bureau economist, put on LinkedIn that state level payments received in Arkansas was 347 million. Can totally verify that down to the exact amount of 347 million, just based on FSA acreage data and based on the payment rates that were released.

00;01;35;14 – 00;02;05;16
Dr. Hunter Biram
Now, what do those payment rates look like? Is something that you may be wondering. So for primary Arkansas crops, you know, looking at corn of $44.36 per acre, cotton $117.35 per acre, grain sorghum, $48.11 per acre. Believe it or not, Ryan, we have oat FSA acreage, so oats $81.75 per acre, peanuts $55.65 per acre. Rice $132.89 per acre.

00;02;05;16 – 00;02;28;07
Dr. Hunter Biram
Soybeans $30.88 per acre, and wheat $39.35 per acre. Now, how, how close were we? You know, talking about that episode 74. We were actually pretty close. Corn, we came in at 50.78, so we were about $6 higher than what was actually released. Cotton. We were actually a little low. It was 110.75, so we were about $7 lower. Grain sorghum,

00;02;28;07 – 00;02;47;23
Dr. Hunter Biram
we were just off by about a dollar. Oats. We were off by about $3 and some change. Soybeans we were way high on. Not sure why, but we were up by, about $45. Rice, we were low in terms of what was actually released. We came in at about $115. We were about $17 per acre off. Soybeans, we were pretty much right on the money.

00;02;47;23 – 00;03;19;01
Dr. Hunter Biram
We were off about $0.40. And then wheat, we were off a couple of dollars. So for the most part, we were pretty close, just assuming that they were going to use that ECAP or the Emergency Commodity Assistance Program framework. So, you know, Ryan, you and I were talking about this earlier like, what might drive that? And I’m not going to belabor this point, but the only thing I could think of was we used the USDA Economic Research Service, cost of production projection for 2025-26.

00;03;19;04 – 00;03;40;19
Dr. Hunter Biram
And we used that as of the, I believe it would have been the July update, I think, would have been the last update that they had on those cost of production estimates. Well, they updated them again on December the 18th. We released the newsletter before then. So I was like, well, now that we’re in this like post update window were we just that far off with cost?

00;03;40;19 – 00;03;58;17
Dr. Hunter Biram
And the answer is really no. I mean, there are really no big changes. The only notable changes to me, and they aren’t even that notable, cotton was about $3 per acre higher in terms of cost, and soybeans was actually $19 per acre higher in the December update. Everything else, actually, the costs were lower. For the most part.

00;03;58;17 – 00;04;25;14
Dr. Hunter Biram
Barley down, corn down, grain sorghum, oats, rice. Wheat, essentially the same. I think it’s like $0.30 difference. So, I mean, no huge changes. So that to me, I haven’t quite understood why we might be off by so much in some of these instances. But for the most part, we were close. And, today we’re going to talk about the real deal, which are those rates that I talked about earlier, and we’ll put the rates in the newsletter.

00;04;25;16 – 00;04;41;20
Dr. Hunter Biram
Okay. So with that, let’s talk about the farm level, Ryan. So Ryan has done a lot of analysis here, just, you know, looking at from a farm management perspective, you know, what do breakeven yields and processes look like. So breakeven yields can’t do much about that right now. But prices you know we’re still in that, post-harvest marketing window.

00;04;41;20 – 00;04;54;28
Dr. Hunter Biram
And so it’s relevant to talk about breakeven prices. So he’ll talk about that. And then he’s going to talk about an update that he added to the Arkansas Crop Profit Loss Calculator for the 2025 crop year. So without further ado, Ryan, what are some things that we need to know about?

00;04;55;00 – 00;05;16;12
Dr. Ryan Loy
Yeah. So to kind of kick this off first, I appreciate you mentioning that about, we still have time to market in the post harvest window. And it’s a great segue into another conversation I had with Scott Stiles about how to really do that effectively. And with this update of the tool, you can actually include the Farmer Bridge assistance payments on a per acre basis, and it will be included into your breakeven analysis.

00;05;16;12 – 00;05;36;00
Dr. Ryan Loy
And that way you get a better idea with that payment, maybe what price you should be targeting. So that’s just kind of a aside, but what really stood out to me is when you go through the, you know, our tool and do some profit and loss, calculations. And looking at that breakeven price, what I did is I went through, corn, cotton, soybeans and rice for Chico County.

00;05;36;00 – 00;05;55;12
Dr. Ryan Loy
I chose them because they were in alphabetical order. They’re the first one that has all the commodities we’re looking at here in our tool. And so what I did was looking at, okay, what was breakeven price without the FBA or the Farmer Bridge Assistance payment? And what did breakeven price look like with the Farmer Bridge Assistance? And the real question I had was, does it make a difference?

00;05;55;12 – 00;06;20;17
Dr. Ryan Loy
Did it really make any difference? Or did it just maybe make losses more shallow? Or, you know, what kind of impact did it have? And so I compared those two prices against what the expected price was. And we use the November WASDE prices for this. And then we do account for basis in the tool as well. So just kind of going over this real quick when we’re looking at the expected price right now for corn $3.74, that’s just abysmal. Cotton, $0.55.

00;06;20;25 – 00;06;46;12
Dr. Ryan Loy
And again this is including basis, by the way, soybean $10.15. And rice, $4.98 a bushel. Everything was in bushels that I just said besides cotton, which is in pounds. So excuse me for not saying that. When you look at the break evens based on, so you have that expected price, the breakevens without the farmer bridge assistance, you know, across the board no matter what, unless it was under a very, very slim situation.

00;06;46;12 – 00;07;07;26
Dr. Ryan Loy
If you owned the land, you were not going to break even at the expected prices and the expected yield for that county. So then I said, okay, let’s add the farmer bridge assistance on top of it. Let’s look at and see what difference that makes. So I did that same analysis across the board. I did it for a 25% crop share, $150 cash rent, and then a full ownership scenario for each one of the commodities.

00;07;07;26 – 00;07;28;11
Dr. Ryan Loy
And we’ll link a table in the newsletter as well. If I’m rambling on about this and you’d rather just look at it, it’ll be in there. But the really important takeaway here is once you account for the farmer bridge assistant payments per commodity on those breakeven prices, only three instances across all of those combinations of tenure and crop.

00;07;28;11 – 00;07;50;29
Dr. Ryan Loy
In Chico County, there’s three instances where you actually get into the black and the expected price is less than what your break even prices now, meaning that you actually can be in the black or at least break even, be pretty close to it. And even then, when we’re looking at that, we’re looking at corn under a full ownership, we’re looking at soybeans under a full ownership, and we’re looking at rice under a full ownership scenario.

00;07;50;29 – 00;08;14;09
Dr. Ryan Loy
So what do all three of those have in common? Full ownership, right? And that means that the rest which there are going to be more of that tenant part owner agreements, the 25% crop share at $150 cash rent, which again, we’ve talked about this before. It’s a very important distinction to make, especially in Arkansas, when you pull the ag census data from 2022, the percent across the state that’s actually full ownership

00;08;14;09 – 00;08;53;29
Dr. Ryan Loy
farmland is only about 32%, and part owners represents about 68% of the whole farmland. So when you’re looking at this and say, well, okay, there’s three instances, but how often does that actually occur? You know, and how widespread is that? Really, to summarize this without, droning on about this for too long, is that even with the Farmer Bridge Assistance, we are still in a very difficult situation, and especially when we were talking about cotton, you know, for example, even with the Farmer Bridge Assistance under a 25% crop share for cotton, you’re break even price with the government assistance, the FBA is $1.03.

00;08;53;29 – 00;09;20;10
Dr. Ryan Loy
That’s down from $1.13 without the assistance. And the expected price recalls $0.55. So yeah, when you look at this across the board on cotton, in no circumstance does cotton actually breakeven. And it’s really difficult to look at this and say, even with that government assistance, that is intended to help and bring farmers out of this scenario, you still are 87% above what the expected price is under a crop share agreement for cotton.

00;09;20;10 – 00;09;43;20
Dr. Ryan Loy
That’s, that’s absurd. I mean, that’s a word I would put. And rice is in a very similar, you know, position. So the questions I start asking myself is what do you do? And I think that’s a conversation that you and I have had many times. So when we’re looking at this across the board, really just to summarize, FBA is helpful, but only in very certain instances, and especially under full ownership scenarios, everything going correctly.

00;09;43;20 – 00;09;45;25
Dr. Ryan Loy
Do you get brought into the black from being in the.

00;09;45;25 – 00;10;07;28
Dr. Hunter Biram
Negative in the. I think an important caveat here is that we are in loan renewal season for farmers. And that’s why, you know, we talk about the some in the last episode, but that’s why it’s so important that this ad hoc money has come out now. That’s right. Because farmers have harvestrf the crop. They’ve either sold already or they’ve got some grain in the bins.

00;10;08;00 – 00;10;37;14
Dr. Hunter Biram
And so they’re still marketing a crop and, they’re looking at, what, about 2026? Will I be able to farm in 2026? That is a very legitimate, very serious question for many, for many farmers. And, so the timing of these payments is very important. And yes, it is $11 billion for row crop and, some people have also asked me, well, well, okay, I understand that the timing of it and getting some, some cash out the door so that lenders are more confident to provide loans, understand that.

00;10;37;16 – 00;10;55;26
Dr. Hunter Biram
But what about the OB3? And what about the changes to the farm safety net that were in the One Big Beautiful Bill Act? Very important and it will be very useful. Now, I don’t know how much, I have not calculated how much Arkansas is going to be receiving, but, I will say that that will factor into this equation as well.

00;10;55;26 – 00;11;14;03
Dr. Hunter Biram
Now, will it be enough to to bring farmers to break even? That, I don’t know. But I do recognize I think the Farm Bill changes will also be important in this equation. And, you know, of course it’s important whenever thinking about lenders who are trying to find some cash inflows.

00;11;14;07 – 00;11;29;04
Dr. Ryan Loy
And do you loan on an uncertain, you know, you could be pretty certain that you’re going to get those payments, but you don’t know that, you know, for quite some time. And that’s a struggle right now is like, do you loan on that or do you only loan on what you actually have and you can secure it that way? So.

00;11;29;06 – 00;11;48;27
Dr. Hunter Biram
I think it’s, you know, also knowing that the farm safety net money, so your agriculture risk coverage, or your ARC, and your price loss coverage, or your PLC, the ARC and PLC are on the way. I think that that does give lenders some confidence, but we know that we’ve talked about this in past podcasts, that even that farm said Net wasn’t going to be enough to fully recoup the losses.

00;11;48;27 – 00;12;03;14
Dr. Hunter Biram
So probably in a subsequent podcast newsletter, we’ll, we’ll kind of bring all these packages together. But for right now, I mean, no, you’re not trying to say that it should have necessarily brought farmers to a full on break even point, but you’re still saying that like there’s some pretty big gaps to fill.

00;12;03;18 – 00;12;29;28
Dr. Ryan Loy
Yes, yes. And I’m glad that you made that distinction and that’s the important takeaway here. It’s not that this was supposed to be the silver bullet, necessarily. But when you look at these across the board, I think this just emphasizes how bad the situation is and how bad it is. And this is a this is a way to visualize it, to say, heck, even with these things, we’re still, you know, looking at, not even in the same ballpark of terms of what expected prices versus what my breakeven could be.

00;12;30;04 – 00;12;51;13
Dr. Hunter Biram
Wow, that is startling. It’s very startling for sure. Well, I want to pivot slightly and, in the podcast, talking about payment limits, you know, we’ve talked about that a lot on the podcast and in presentations, and we get questions about that, frequently. And so, like I said, Ryan has updated the 2025 profit loss tool.

00;12;51;13 – 00;13;10;05
Dr. Hunter Biram
And there will be a link to that in the newsletter. But I also developed a FBA payment estimator. Now I want to recognize FSA has a really nice payment estimator that’s already out there. They use Tableau and I think it’s very well put together. It’s very simple, very straightforward. Put in your number of FSA certified acres. They’ve already got the payment rates in there.

00;13;10;05 – 00;13;32;18
Dr. Hunter Biram
And then they tell you how much money you should be expecting to receive. Now they do provide a caveat for the payment limit, which is $155,000 per qualifying legal entity. And if memory serves me correctly, the payment limit under ECAP was $250,000, so we’re facing a lower payment limit. This time around. And although in some instances the payment rates are higher, but we’re also facing a lower payment limit.

00;13;32;18 – 00;13;48;01
Dr. Hunter Biram
And so, I put together a tool that takes what FSA or farm service agency, what FSA is already put together, which was great, and I just built on it a little bit. And so what you’ll do with this is just like with the FSA tool, which we can put a link to that in there, into the newsletter as well.

00;13;48;02 – 00;14;07;03
Dr. Hunter Biram
You put in your FSA certified acres for each crop and so on this tool, I’m going to be a little biased and say, I just put the Arkansas crops in there. As you continue to add crops, it just kind of builds the tool out a whole lot. Honestly, I’m just trying to focus on our delta crops. And so I just went off of, whatever had FSA acreage in 2025, for Arkansas.

00;14;07;04 – 00;14;28;15
Dr. Hunter Biram
And so that was corn, cotton, rye, soybeans, wheat, oats, peanuts and sorghum. Okay. So there are eight crops listed. The USDA, FSA website will have all the crops listed, which will be more than eight. And so you’ll enter your FSA certified acres for each crop. And then you also list how many qualifying legal entities will be receiving these payments.

00;14;28;15 – 00;14;47;11
Dr. Hunter Biram
And so for this example that I’ve got right now, I’ve just got one. One, if I am operating as Hunter Biram, LLC and I am a qualifying legal entity and I’m just the only one that’s receiving it, I’m farming, let’s say 2000 acres. You know, the USDA ag census data will lead you to believe that the average farm size is 363 acres.

00;14;47;11 – 00;15;12;28
Dr. Hunter Biram
But we’re not going to get into the details of why, in this instance, that’s not an accurate representation. While it probably is the average across your livestock, your cow/calf and your orchards, and your tomato patches and watermelon patches like all those, probably so. But what if we focus on just the row crops? I mean, you’re really looking at more at 1000-2000 acres, and some people will even look at me and say even they think that that’s low.

00;15;13;01 – 00;15;33;15
Dr. Hunter Biram
So we’re going to be a little conservative here, and we’re going to go with 2000 acre representative farm assumption. And for the example, I have taken the average acreage for the crop mix between 2005 and 2025. So, so the breakdown that I have in the tool right now, that’s the first numbers that are put in is for corn,

00;15;33;15 – 00;15;58;25
Dr. Hunter Biram
I’ve got 202 acres, cotton, 192 acres, rice, 455 acres, soybeans, 1037 acres, wheat 114 acres. So that’s representative. If you picked a random farm in the state of Arkansas, that was row crop, 2000 acre farm, just randomly. That’s what that breakdown would look like. I’m not saying this is anybody’s particular farm. I’m just saying if you picked a farm at random in East Arkansas, this is what the breakdown would look like.

00;15;58;27 – 00;16;01;17
Dr. Ryan Loy
How many years did you average over for the acreage?

00;16;01;17 – 00;16;04;25
Dr. Hunter Biram
Let’s see, 2005 through 2025. So about 20 years.

00;16;04;25 – 00;16;16;21
Dr. Ryan Loy
Over that time, on average, since we’re assuming a 2000 acre farm in total, you can say roughly 10% of that’s going to be corn, right? In an overall at a state, 10% of the crop represents corn.

00;16;16;22 – 00;16;36;13
Dr. Hunter Biram
That’s right, that’s right, 10%. And I think, soybeans is like maybe 52, 53%. Rice is 23%. I believe cotton came in about 10%, and wheat was, I think 6% somewhere in there. And so that’s for the state. Now, what does that look like when you translate that acreage breakdown, multiply that by the payment rate and then add all those gross payments?

00;16;36;13 – 00;16;54;11
Dr. Hunter Biram
So, gross, meaning there’s no adjustments made. Just straight up, you know, if you if you look at the FSA website, these numbers should be the same. Well, that gross payment under this scenario is about $128,000. Okay. Well in that case you’re actually coming in under the payment limit. Well that’s encouraging. And what this tool also does is provides a weighted average payment rate.

00;16;54;11 – 00;17;19;28
Dr. Hunter Biram
And so, we take what your acreage breakdown is, multiply the share of it times its payment rate. And then we do that for each crop and sum them up to give you, what is your average payment rate across all the crops, all the FSA certified acres. So in this example it’s about $64 an acre. So, for your 2000 acres, multiply that by 64.23 and you end up getting 128,465, which is what your gross payment would be.

00;17;19;28 – 00;17;43;21
Dr. Hunter Biram
Okay. So that’s scenario one. Now I want to look at some other scenarios. I wanted to look at a scenario where what if we have a representative farm that has more corn acres? What if we have one that has more cotton acres, one that’s heavy on rice acres and one that’s heavy on soybean acres? So for the corn example, I picked Arkansas County and I picked Arkansas County because historically, they tend to have the most corn in the state in terms of acreage.

00;17;43;24 – 00;18;11;12
Dr. Hunter Biram
And so that breakdown looks like 240 acres of corn, 540 acres of rice, 1020 acres of soybeans, and about 200 acres of wheat. That translates into about $122,000 in their gross payment, with a weighted average pay rate of about $61. What about the cotton example? So we pick Mississippi County, and so the acreage breakdown looks like 84 acres of corn, 550 acres of cotton, 202 acres of rice, 1044 acres of soybeans, and 120 acres of wheat.

00;18;11;15 – 00;18;31;02
Dr. Hunter Biram
That translates into about $132,000 in gross payment. So the weighted average payment rate is about $66. Now moving into rice. For rice I have sub case A and sub case B, so a sub case A is going to be Poinsett County because historically, once that county has the most rice acreage over the 2005 to 2025 span. So what does that look like?

00;18;31;02 – 00;18;54;09
Dr. Hunter Biram
220 acres of corn, 160 acres of cotton, 620 acres of rice, and a thousand acres of soybeans and 100 acres of wheat. Well, that translates into about $141,000, which is the highest gross payment yet because we have more rice acres that way, that average payment rate is about $70.65. Okay, sub case B is Lawrence County. Now, historically, they haven’t had the most acreage.

00;18;54;09 – 00;19;03;22
Dr. Hunter Biram
In terms of, like, the absolute amount. But in terms of within that county, rice makes up, I think it’s, it’s over 60%.

00;19;03;22 – 00;19;04;15
Dr. Ryan Loy
The largest share.

00;19;04;17 – 00;19;24;29
Dr. Hunter Biram
The largest share. It’s like over 60% of the crop acreage. So what does that breakdown look like? About 80 acres of corn, 1060 acres of rice, no cotton, 800 acres of soybeans and 60 acres of wheat. It’s actually the only scenario here where there is more rice than soybean acres. Soybeans tend to dominate every, every scenario except for this one.

00;19;25;01 – 00;19;53;23
Dr. Hunter Biram
Okay, now what does the gross payment look like? Well, it’s about $171,000. So for those following along at home, that’s more than $155,000. So now we’re in a space of this farmer, say it’s, you know, say I’m receiving the payment. I think the payment limit. So I’m not going to get the full 171,477. Now, in the table that we’re going to put in the newsletter, we’re going to assume that the farm has the right amount of members of their legal entities to where the payment limits wouldn’t be an issue.

00;19;53;23 – 00;20;14;18
Dr. Hunter Biram
So, pretty much no payment limits would be the assumption. But if we were to adjust that downward, you’re actually, you’re not going to get the full payment rate. Like right now you’re going to get 85.74. But after you hit the payment limit, the payment limit gets adjusted down from 85.74 to 77.5. So it’s almost a $10 per acre reduction in your weighted average payment rate.

00;20;14;18 – 00;20;19;22
Dr. Hunter Biram
Because you’ve hit the payment limit. And again, unsurprisingly, it’s because of the heavy rice acreage.

00;20;19;22 – 00;20;27;21
Dr. Ryan Loy
These limits are going to be very sensitive to those larger payment crops – rice and cotton are going to be the two that are really going to kind of swing it one way or the other.

00;20;27;21 – 00;20;51;11
Dr. Hunter Biram
Oh, absolutely. And then lastly, we have Crittendon County, which is going to be our example for more of a heavy soybean acreage for that. The acreage right now is 80 acres of corn, 140 acres of cotton, 260 acres of rice, and 1320 acres of soybeans and 200 acres of wheat. That translates into just $103,000 payments. So for the heavier soybean case, you’re actually going to get the lowest payment.

00;20;51;11 – 00;20;59;01
Dr. Hunter Biram
Well, why is that? Well, it has the, I think, the lowest payment rate. Yes, sir. If I remember right,$30.88 among these crops that are being considered here.

00;20;59;01 – 00;21;19;04
Dr. Ryan Loy
We talked about soybeans a lot, of course. And I think it’s important here to think about this lowest payment rate, you know, expected price of $10.15 with the FBA, that breakeven price is $12.89. It was $13.51 before the FBA. And it’s I mean, what do you, you know, you’re looking at…

00;21;19;04 – 00;21;29;14
Dr. Hunter Biram
That will look like a 10.15. You know, the last, December WASDE, I know that we had the November WASDE is what we discussed. But I think 10.15 was what the December WASDE had for price.

00;21;29;17 – 00;21;32;06
Dr. Ryan Loy
Yeah, and this is with the November with basis in there.

00;21;32;08 – 00;21;44;10
Dr. Hunter Biram
Yeah. So I mean nowhere near the point that it would need to be at. So, man, good point. Good point. Well is there, is there anything else that we should know?

00;21;44;10 – 00;22;01;12
Dr. Ryan Loy
I don’t think so. Just kind of a reminder, you know, reach out if you have questions on this stuff and if you, you know, want to use the tools and need some help along the way, let us know. But we’ll link all these tools in the newsletter. The crop profit and Loss calculator. If you go to the Friar Center site to read our newsletters, it’s also available on there as well.

00;22;01;12 – 00;22;03;27
Dr. Ryan Loy
So I really appreciate you having me in studio today.

00;22;03;28 – 00;22;08;07
Dr. Hunter Biram
Yeah, man. Always a pleasure. Always a pleasure. Well, y’all stay tuned for the market report. Thanks.

00;22;08;07 – 00;22;37;23
Evan Ware
Back with your market report as of January 8th, 2026. Corn March 2026 futures are coming in at $4.46 per bushel. That’s up 1% from a month ago and down 2% from a year ago. Rice, March 2026, is currently at $10.20 per hundredweight. That’s down 3% from a month ago and down 29% from a year ago. Soybeans March 2026 futures currently at $10.61 per bushel.

00;22;37;24 – 00;23;08;14
Evan Ware
That’s down 4% from a month ago and up 6% from a year ago. Cotton March 2026 futures currently at 64.46 cents per pound. That’s up 1% from a month ago and down 6% from a year ago. Wheat July 2026 currently at $5.41 per bushel. That’s down 2% from a month ago and down 3% from a year ago. Peanuts, US Weekly average are currently at $424 per ton.

00;23;08;14 – 00;23;32;23
Evan Ware
That’s up 4% from a month ago and down 12% from a year ago. Moving on to our fertilizer prices, urea is currently averaging about $512 per ton in Arkansas. A month ago, it was $504 per ton, and three months ago it was $558 per ton. Ammonium nitrate is currently about $465 per ton. A month ago, it was $430 per ton.

00;23;32;23 – 00;24;01;21
Evan Ware
Three months ago, it was $425 per ton. Ammonium sulfate is currently about $449 per ton. A month ago, it was $440 per ton, and three months ago it was $445 per ton. DAP is currently about $792 per ton. A month ago, it was $873 per ton, and three months ago it was $915 per ton. Triple Super Phosphate is currently about $728 a ton.

00;24;01;21 – 00;24;29;22
Evan Ware
A month ago, it was $775 per ton, and three months ago it was $780 per ton. Potash is currently $456 per ton. A month ago, it was $448 per ton, and a year ago it was $458 per ton. Moving into our diesel prices. Currently, Arkansas Highway Diesel is about $3.22 per gallon. A month ago it was $3.38, and a year ago it was $3.20 per gallon.

00;24;29;22 – 00;24;56;21
Evan Ware
Arkansas Farm Diesel is currently about $2.32 per gallon. A month ago, it was $2.50 per gallon, and a year ago it was $2.58 per gallon. The Mississippi River at Memphis is currently at -3.24ft. A year ago it was reading at 12.96ft. Thanks for tuning in to another episode of Morning Coffee and Ag Markets and Happy New Year to all of our listeners.

00;24;56;25 – 00;25;20;04
Dr. Hunter Biram
If you would like to learn more about the Fryar Price Risk Management Center of Excellence, we encourage you to go to fryar-risk-center-uada.edu. If you want to check out the newsletter is associated with this podcast. We encourage you to visit the website and check out podcast newsletters. When you go to podcast newsletters, you should be able to see the most recent newsletters that we published and once in each one of those newsletters,

00;25;20;04 – 00;25;25;23
Dr. Hunter Biram
You should be able to find a link to subscribe if you haven’t subscribed already. Thank you for tuning in and we’ll catch you next time.