Ep. 54 Prevented Planting: Coverage Levels, Payments, and Rules

00;00;00;00 – 00;00;19;15
Dr. Hunter Biram
Prevented planting 101 – What are the coverage levels? How is a payment calculated? And what are the rules? Answers for these questions and more on this episode of Morning Coffee and Ag Markets.

00;00;19;18 – 00;00;27;05
Dr. Hunter Biram
Well, I’m your host, Hunter Biram, and in the studio with me today, I’ve got, Dr. Ryan Loy. Ryan, what’s going on, man?

00;00;27;06 – 00;00;28;16
Dr. Ryan Loy
How are you doing? Hunter, it’s good to see you, man.

00;00;28;17 – 00;00;31;25
Dr. Hunter Biram
Good to see you, too. You’ve been busy…

00;00;31;25 – 00;00;40;23
Dr. Ryan Loy
Oh, to say the least. You’ve also been busy. I can’t say much compared to you, I’ll tell you that. But it’s been, a busy last week, that’s for sure. Last week and a half, two weeks.

00;00;40;28 – 00;00;53;03
Dr. Hunter Biram
Yeah, I don’t know. I’ve heard, maybe I haven’t heard it, maybe I’ve dreamt it up, but, I thought there supposed to be some downtime every now and then and some of this work, but, I don’t think that’s a real thing. I’ve never heard of that.

00;00;53;05 – 00;01;13;00
Dr. Ryan Loy
No, sir, I think… No, it’s one of those things I think I just convinced myself of at the end of every semester to make me feel better, but then it just kind of, continues to snowball. That’s one thing we’ve learned this summer. It’s been, it’s been very hectic, but all good things. You know, if we’re busy, that means we’re out there, you know, trying to help folks and make an impact in any way we can.

00;01;13;00 – 00;01;16;05
Dr. Ryan Loy
So it’s a blessing to be busy in the way that we are.

00;01;16;07 – 00;01;18;01
Dr. Hunter Biram
Yeah. I always say it’s a good problem to have.

00;01;18;01 – 00;01;30;26
Dr. Ryan Loy
That’s right. It’s a great problem to have. It’s a good problem. Even at the end of the day we’re like, man, we’re just beat. Just beat to a pulp. But, it’s been a good summer. So, looking forward to your class in the fall, and seeing how that and how that plays out. I know it’ll be great.

00;01;31;00 – 00;01;49;08
Dr. Hunter Biram
Yeah. No, we were just talking about that before we started up the podcast. I’ll be, you know, what, tapping into my teaching responsibilities for the university. And I’ll be teaching an online class, called Risk in Agricultural Production. And, you know, we’ll talk about risk and measuring production risk, a little bit on price risk.

00;01;49;08 – 00;02;10;20
Dr. Hunter Biram
But, you know, we’re also going to talk about crop insurance. Imagine that, if I’m going to be teaching the class. And so we’re going to talk about that in the class. And so I think that that’s a great segue into what we’re going to talk about today, which is prevented planting, crop insurance. And so, you know, what today’s episode is going to cover is just a high level,

00;02;10;20 – 00;02;29;25
Dr. Hunter Biram
it’s actually the first of a three-part series on prevented planting, and just to kind of motivate why I’m even thinking about doing this. And why we’re covering this is, you know, I’ve gotten questions throughout the year on prevented planting. What is it? And, you know, why do we have a lot of it? How is the payment calculated?

00;02;29;27 – 00;02;45;19
Dr. Hunter Biram
You know, what are what are some of the rules like why, you know, what is up with a yield reduction? If I plant a second crop, what’s the impact to my APH? Why does that even matter? You know, and a lot of it started with the April 2nd through the 5th flooding event that we had.

00;02;45;19 – 00;03;07;25
Dr. Hunter Biram
That’s right. I would say, you know, that’s really what spurred a lot of that on. And, you know, we had, I keep telling everyone we had three months worth of rain in about three days. And, you know, Ryan, we you know, you and I worked with our agronomist on, you know, what do these damage estimates

00;03;07;27 – 00;03;15;00
Dr. Hunter Biram
look like? And, so that’s what started these conversations. You know, we, we ended up tallying, what was it? 90?

00;03;16;07 – 00;03;29;25
Dr. Ryan Loy
90 or so million, just under that $100 million by the time, you know, by the time of our final calculations, and I imagine that, you know, just based off that data we saw and looking at that, that you’ve had more prevent plant questions this year than you’ve had in recent years.

00;03;29;27 – 00;03;52;04
Dr. Hunter Biram
Absolutely. So I’ll tell y’all, whenever I started as an assistant professor in 2022, that, that was, you know, right after there was a big flood event, I believe, in ‘21, there was a massive flood event. And for those of you who, you know, it went through that flood event, I think it was down in southeast Arkansas.

00;03;52;06 – 00;04;07;07
Dr. Hunter Biram
I remember our department head at the time, John Anderson had gone down to Stuttgart and people were saying, like, what do we do about this? You know, and, you know, how do we measure damages? And I was actually interviewing for the job that I have now. And he’s like, Hunter, man, he’s in there telling me about damage estimates.

00;04;07;07 – 00;04;11;04
Dr. Hunter Biram
And what they needed was crop insurance. And,

00;04;11;07 – 00;04;12;13
Dr. Ryan Loy
Right time at the right place.

00;04;12;16 – 00;04;39;21
Dr. Hunter Biram
Right time, right place. And so, anyway, so flooding is a serious risk here in East Arkansas for sure. You know, obviously drought is something that we’re concerned with, but not as much since we have irrigation. Right. So excess moisture, flooding, excess rainfall, that’s something that we really worry a lot about. And so, you know, this prevent plant coverage can be very helpful for that.

00;04;39;23 – 00;04;58;19
Dr. Hunter Biram
And so just to kind of back up a little bit the prevent plant coverage itself, I want to stress, is that it’s something that you don’t buy on it’s own. Like you just can’t go to your crop insurance agent and say, hey, I want to buy a prevent plant. You can’t do that. The way it works is there’s a yield protection, or YP, and revenue protection, RP.

00;04;58;21 – 00;05;28;27
Dr. Hunter Biram
There’s also the harvest price exclusion option for RP. So for those three products, any farmer can, buy, you know, a base coverage level, say it’s 75%, 80%. Some would say 65% base coverage level. And then once you buy that coverage, you then receive that’s embedded in that coverage already, a prevented planting coverage. That’s no additional cost.

00;05;28;27 – 00;05;32;25
Dr. Hunter Biram
There’s a base coverage that goes with that.

00;05;32;28 – 00;05;44;13
Dr. Ryan Loy
It’s basically just a bundled insurance thing. You cannot buy it by itself. But if you get either RP, YP, you know, RP-HPE, or even one of the three or all of the three, you get that option for free on top of it, right?

00;05;44;16 – 00;06;06;17
Dr. Hunter Biram
Yes. Yeah. It is included in that premium. And, so that’s, you know, that’s you know, it’s not like you have to pay an extra premium just to get the base prevent plan. As long as you have some form of MPCI or multi-peril crop insurance, then you’re going to get that prevented planting. Now you can pay additional for prevent plant.

00;06;06;17 – 00;06;34;15
Dr. Hunter Biram
There’s called the PF, or the plus five. And so if you want to you can do plus five. And so, for example, rice has a base coverage of 55%. What that 55% is going to do is guarantee you 55% of your total liability. Now, what in the heck is liability? Well, that’s going to be the dollar amount of protection.

00;06;34;17 – 00;06;37;06
Dr. Hunter Biram
You can also think about this as like your revenue guarantee.

00;06;37;07 – 00;06;37;27
Dr. Ryan Loy
Okay.

00;06;37;29 – 00;06;56;08
Dr. Hunter Biram
Is one way to think about it. So let’s just say that, you know, you have an expected yield for rice at, you know, 200 bushels an acre. Making the math real easy here. This is not what’s in the newsletter. It’s a bit more realistic in the newsletter, but 200 bushels an acre. And then say your price is about $5 per bushel.

00;06;56;09 – 00;07;19;17
Dr. Hunter Biram
Okay. $1,000 straightforward. Again, to make the math easy. Not to say this is realistic, as most folks would buy different coverage level of 50%. Let’s say you get a 50% YP policy. Okay? Or RP if you want to think of it. Either way, it’s not going to make a difference. 50% policy a $1,000 expected revenue, $500 revenue guarantee.

00;07;19;17 – 00;07;20;05
Dr. Ryan Loy
Makes sense to me.

00;07;20;12 – 00;07;30;21
Dr. Hunter Biram
That’s a half of thousand. Now, rice has a 55% base coverage. So now we’re going to multiply 55% times the 50%.

00;07;30;25 – 00;07;31;27
Dr. Ryan Loy
The 500, right?

00;07;32;04 – 00;07;37;20
Dr. Hunter Biram
Yes. The 500. That’s right, that’s right. See this is why you’re here. You’re keeping me in the bounds here.

00;07;37;23 – 00;07;40;02
Dr. Ryan Loy
It’s hard, it’s hard to talk about. It’s a lot going on.

00;07;40;04 – 00;08;04;01
Dr. Hunter Biram
There is a lot. So now we’ve gone to the point of 55% base prevent plant times the $500 revenue guarantee, $275 is a guaranteed per acre payment on prevented planting. And so that’s how the payment works. That’s the base coverage. Although for rice, you can do PF on it and go to 60% if you want to. Just to rattle off a few of these coverage levels.

00;08;04;01 – 00;08;26;06
Dr. Hunter Biram
You know, corn’s 55% base coverage, soybeans 60% base, cotton is 50% base coverage, sorghum is 60%, wheat 60%, and peanuts 55%. So all of those have the PF, plus five, if you want. But that’s just what RMA currently has listed. This is going to be a national average coverage level.

00;08;26;09 – 00;08;37;07
Dr. Ryan Loy
Okay. So it’s not based on what you’re doing at your farm individually. This is going to be based on a national level. And that’s what you… and when you say national level you’re referring to just PP, correct? Not RP and YP?

00;08;37;10 – 00;08;46;01
Dr. Hunter Biram
That’s right. So it’s going to be more or less the national average portion of cost associated with planting that will be covered.

00;08;46;03 – 00;09;20;09
Dr. Ryan Loy
That makes sense. Okay. So from this perspective, if I’m a farmer and I go out and I go and buy 50% RP on my rice, with that, I automatically get a 55% PP coverage. But if I want to, I’ll pay that extra 5%, or pay the buy up to get that extra 5% of my PP coverage. Using all of that, you know, is, have you done some analysis or looked at or have questions from farmers asking if that buy up is worth it and in certain times when it may be worth it versus not being worth it?

00;09;20;18 – 00;09;28;09
Dr. Ryan Loy
And by worth it, I mean, I’m sorry for interrupting you, but by worth that I mean is the premium that you’re paying and you’re expected indemnity that you receive, would it be worth it?

00;09;28;11 – 00;09;53;17
Dr. Hunter Biram
Yeah. So it’s all about, what’s the additional premium for PF, the plus five. And then kind of that, you know, dollar amount that you’re going to get with that, that 5% more dollar amount kind of this expected benefit versus expected cost kind of question. And you know, I have not looked at that empirically, but I’ll just say, there’s a general rule of thumb out there whenever I visit with agents especially, that would say like, no, it’s almost always worth it because it’s just a few more bucks.

00;09;53;17 – 00;10;10;03
Dr. Hunter Biram
I think maybe an acre, like 2 or $3 an acre just to go up to the plus five. Okay. So that, you know, that’s from the agent’s perspective. We haven’t looked at that yet. But, you know, that’s what a lot of agents would, would tell you. I think that’s an interesting avenue of research.

00;10;10;03 – 00;10;26;29
Dr. Ryan Loy
It is kind of, it’s very interesting just looking at that, like you said, expected, you know, benefit versus cost, you would pay for that. And just seeing if, you know, what year it would pay off versus what year it may not, and on average, what you’re looking at. But from a farmer’s perspective, you know, we’re talking about a lot of […] I mean this is a very complicated topic.

00;10;26;29 – 00;10;47;08
Dr. Ryan Loy
You know, crop insurance is not an easy topic. You go through it and you make it understandable for everybody involved. And if I’m a farmer and I take this coverage and let’s say that I have a flooded field, you know what, what are those things that the farmer needs to do in terms of understanding their eligibility and how they actually make that claim after some weather disaster?

00;10;48;00 – 00;11;13;17
Dr. Hunter Biram
So the first thing that a farmer would do is to call their crop insurance agent and file a claim. So call the agent first and, the producer must prove that there’s been a cause of loss. So, you know, I was visiting with a crop insurance agent about this, and he was telling me that, you know, with the technology that’s out there, a lot of farmers have apps that follow rainfall.

00;11;13;20 – 00;11;40;21
Dr. Hunter Biram
And so they can show that there’s been a lot of rainfall. Yeah. They couldn’t get the crop in the ground. And if their neighbors like… really it’s all about, was the weather, or, is it normal for the area for a farmer to have prevent plant because of all the rainfall? You know, if it’s a, if there’s only one claim in a county, you know, that’s that’s something that can look interesting.

00;11;40;21 – 00;11;45;27
Dr. Hunter Biram
And, it is very rare for a PP claim of one in a county.

00;11;45;29 – 00;12;02;12
Dr. Ryan Loy
Right. That that would look a little bit strange, right? Because, you know, rain is statistically probably not just going to fall on one field and nowhere else, right?

It’s very interesting. And you bring up a very good point in terms of these things should be more widespread when they occur versus just kind of pockets of it happening everywhere, right?

00;12;02;12 – 00;12;23;04
Dr. Ryan Loy
You know, like you said there probably, I’m sure, there are some cases where maybe somebody’s field backs to a tributary and then they get flooded and nobody else does. But overall, you know, this is going to be a kind of a widespread event. And it’s very interesting to look at. And so from that perspective, and this may be out of the scope of this chapter, let alone, you know, if I’ve got that RP as well,

00;12;23;07 – 00;12;34;02
Dr. Ryan Loy
and I’ve got that prevent plant coverage, so I take prevent plant on some of my acres that are flooded. I’m still eligible for that RP on the rest of my acres that I was being able to successfully plant, correct?

00;12;34;04 – 00;12;58;05
Dr. Hunter Biram
So the short answer here is yes. So when it comes to prevent plant, there are really two things in terms of rules that people need to keep in mind. You know, that’s going to be eligibility and the 1 in 4 rule. And so I’ll just start with eligibility. So eligibility is determined by a crop. And so let’s just take the past four years.

00;12;58;05 – 00;13;24;09
Dr. Hunter Biram
So the years 2021 through 2024, let’s say that you have a farmer who in the past four years, he has a, you know, pretty much a three crop rotation. So he’s got a thousand acres of corn, a thousand acres of soybeans, a thousand acres of rice. It’s a 3000 acre farm. Now, by crop, PP eligibility would be determined. So let’s say, and then’21 through ‘24, a farmer planted, you know, a thousand acres, 500 acres, 1000 acres and 1500 acres.

00;13;24;09 – 00;13;52;28
Dr. Hunter Biram
Well, he’s got 1500s of corn eligibility. And let’s say for soybeans, he’s got a thousand acres in ‘21, 2000 acres in 2022, none in 2023, and 1000 in 2024. Okay, well, now he’s got 2000 acres of eligibility. What about in rice? Similar pattern. Let’s say, for example, had a thousand acres in ’21, 1000 ‘22, 1500 in ’23, and 500 in ‘24. Well, they’ve got 1500 hundred acres of eligibility for rice.

00;13;53;01 – 00;14;19;00
Dr. Hunter Biram
So they got, what, 1500 for corn, 2000 for soybeans, and 1500 for rice. Now, the other part, the 1 in 4 rule. So as long as there has been, a, you know, backdrop that has been planted, harvested and insured in at least one of the last four years, they can take a prevent plant claim. Now, back to your question.

00;14;19;02 – 00;14;47;17
Dr. Hunter Biram
How does the claim work? Can you PP part of the acreage, can you PP part of a unit? And the answer is yes. It really all hinges on the eligibility. So as long as you’ve got the eligibility to prevent plant, you can PP part of a field. You can PP one field or you can PP the whole farm. It just depends on, it just depends on what your eligibility is, is really the long and the short of it.

00;14;47;20 – 00;15;05;14
Dr. Hunter Biram
In fact, I’ve been told that, you know, 20 acres is about the smallest amount of acreage that you can PP. Now, what about rental? You know, because, you know, we talk about units sometimes, and I give presentations talking about basic optional enterprise and rent and how those go together. Well, let’s just put it real simple here.

00;15;05;14 – 00;15;25;23
Dr. Hunter Biram
Rent only impacts the share of the PP payment, that isn’t determined by, like, the number of PP payments, per se. It’s really just the and the share of the PP payment, okay. So if you’re on a crop share and you specified in your rental contract that if you’re on 75/25, you’ll get a 75, you get 75% of that PP payment and the landlord gets 25%.

00;15;25;23 – 00;15;43;22
Dr. Hunter Biram
Okay, on cash rent, you get all of it. You get all that PP payment, if you’re on cash rent. Same if you own it. And, you know, something else that the crop insurance agent told me is that, you know, normally, what you see is you get 1.5 x eligibility on the number of acres that they’re planting on farm that year.

00;15;43;24 – 00;15;49;03
Dr. Hunter Biram
So historical plantings by crop is really important here.

00;15;49;10 – 00;16;12;20
Dr. Ryan Loy
So, historically, and we’re going to pay you on that, not on your intentions, we’re going to pay you on past on past experiences that you… that you’ve done. That makes perfect sense. Leading off of that question, one of the things you mentioned in the newsletter as well, is if you choose to replant and after you take a PP, you will only get paid 35% of that planting cost.

00;16;12;23 – 00;16;27;22
Dr. Ryan Loy
Is that something you see somebody would be doing if they took that enterprise unit approach in PP and had to PP the whole thing, and then they end up going back and replanting with, you know, their acres that were just fine, they’re just going to take 35% of their planting across the board?

00;16;27;22 – 00;16;51;21
Dr. Hunter Biram
So I’m going to walk back a little bit and say that the replant, it’s not what causes your payment to go down. You can get a replant payment. And that varies by crop. So you can get replant indemnity if you need it on your crop insurance. But let’s say, let’s just go ahead and say, you tried replanting and you got the payment, but you still weren’t able to get that crop in and, you know, you weren’t able to get a stand established. What will reduce your payment on that first crop is if you choose to plant a crop after it.

00;16;51;21 – 00;17;12;13
Dr. Hunter Biram
Okay. So let’s just go ahead and say, another example here. You wanted to plant rice, and historically, you’ve, you know, you’ve been able to plant rice. But this year you couldn’t, okay. Now you’re like, well, I need to make some money. I need to do something to generate some revenue. So you’re like, well, I can do soybeans and I can plant those later in the year.

00;17;12;15 – 00;17;32;10
Dr. Hunter Biram
Okay. So I’m going to go ahead. I’m going to, you know, try to plant some soybeans. Okay, automatically your rice PP payment or and PP indemnity, those are interchangeable terms, reduces to 35% of the full.

00;17;37;00 – 00;17;38;05
Dr. Ryan Loy
Of the full planting cost, correct?

00;17;38;05 – 00;17;44;25
Dr. Hunter Biram
Of the full PP payment. Okay. So let’s go back to our previous example. $275 was the rice payment.

00;17;44;25 – 00;17;48;20
Dr. Ryan Loy
Yep, based on that $500 coverage of 50% at RP, right?

00;17;48;22 – 00;18;12;15
Dr. Hunter Biram
Now, if you plant soybeans, you’re knocked down to $96 on that rice PP payment. So you still get it, but at a reduced rate. Okay. Now, what about soybeans? Let’s say your soybeans made it. You got them planted, you harvested them. Did not record any losses on your crop insurance. You actually get the full rice prevent plant payment now.

00;18;12;17 – 00;18;23;08
Dr. Hunter Biram
But you still got to pay the full premium on that rice coverage. But your soybeans, just think of that as business as usual, pretty much. That’s the way to think about it.

00;18;23;11 – 00;18;28;05
Dr. Ryan Loy
And if you make it through that, then you’re just going to settle up on what, on the rice payments earlier and the rice premiums earlier. Makes sense.

00;18;28;06 – 00;18;49;21
Dr. Hunter Biram
Now let’s say prevent plant on your rice again in this 35% space. Because we’re going to try and plant soybeans. But your soybeans had a production loss. You’re still going to stick with that 35% rice PP payment. So you’re still at that reduced payment. And you’re going to get indemnity on your soybeans.

00;18;49;27 – 00;18;50;18
Dr. Ryan Loy
Okay. That makes sense.

00;18;50;18 – 00;18;55;25
Dr. Hunter Biram
But you can get the full PP payment and do second crop if there’s no loss on the second crop.

00;18;55;27 – 00;19;06;10
Dr. Ryan Loy
Okay. That makes sense. That’s clear. Clear as mud. No, I’m just kidding. It really is clear. But it is a very complicated process to go through. And so, I appreciate you dumbing that down for me. I really do.

00;19;06;13 – 00;19;12;17
Dr. Hunter Biram
Yeah. Hey, you know, it’s… I’m not… I wouldn’t even call it dumbing down. I think it’s just trying to explain it. Because it’s…

00;19;12;20 – 00;19;13;21
Dr. Ryan Loy
Yeah, it’s very complicated.

00;19;13;21 – 00;19;23;07
Dr. Hunter Biram
Because it is, it is, it is tricky. But let’s see, what else do we need to talk about? I think that that pretty much covers, I mean, we’re sitting here about 20 minutes. I mean, time flies.

00;19;23;07 – 00;19;42;00
Dr. Ryan Loy
I think it’s great. And honestly, you know, for our listeners and in the newsletter, there’s a very detailed approach on how, how these, indemnities are calculated, how these payments are calculated, a breakdown of our budgets and those sorts of things. And of course, if you have any questions, you know, I know Dr. Biram is willing and able to take all of those questions.

00;19;42;03 – 00;20;07;18
Dr. Hunter Biram
Absolutely. And, you know, I had mentioned the budgets and, you know, what I put in the newsletter is a breakdown of the 2025 conventional rice budget using a 75/25 crop share rental agreement. And what I’m doing there, is I reference the figure, I’m not going to talk in great detail here, but I referenced the figure, just to give people an idea in dollar terms of, is that 55% coverage for the PP, coverage of […] rice,

00;20;07;18 – 00;20;22;13
Dr. Hunter Biram
Is that, you know, what does that even mean? Right. You know, what does that even mean? And so when you think about percentage of total costs that are attributed to planting, you know, you can go to our budgets and you can look at this figure and, you know, I think 69% is the percentage that I put in there.

00;20;22;13 – 00;20;36;14
Dr. Hunter Biram
But I’m going to leave that up to you all to go in there and dive in and look at that, since we’re kind of short on time here, but go in there and check it out. Just get familiar with the program. I’ve got a feeling that we’re gonna be talking about it a lot more. RMA has not released prevent plant data,

00;20;36;14 – 00;21;03;10
Dr. Hunter Biram
or all of it, yet, that I’ve seen, in the cause of loss RMA data. I was hoping that they would have done that after acreage reporting, but, either there aren’t near as many prevent plant losses as I thought there would be, or they just haven’t put it out. And I think it’s the latter, because we’re looking at, you know, just, I don’t know, just a few million dollars worth of losses right now versus like hundreds of millions, which is what is historically the case.

00;21;03;10 – 00;21;08;10
Dr. Hunter Biram
So hopefully when those come out, you know, soon, we’ll put that out for y’all, so.

00;21;08;10 – 00;21;11;17
Dr. Ryan Loy
Perfect. Well, Hunter, thank you so much for having me on today.

00;21;11;19 – 00;21;16;13
Dr. Hunter Biram
Thank you for asking me questions and spurring on the conversation.

00;21;16;15 – 00;21;20;12
Dr. Ryan Loy
Absolutely. Well y’all stay tuned for the market report.

00;21;20;15 – 00;21;54;12
Dr. Hunter Biram
Hey, folks. Hunter, here with your market report September 2025 corn futures are $4.18. That’s down $0.09 from a month ago and down $0.28 from a year ago. September 2025 rice futures coming in at $12.59 a hundredweight. That’s down from $13.33 a month ago. And down $15.55 per hundredweight a year ago. November 2025 soybeans come in at $10.01 that’s down $0.26 from a month ago and down $0.64 from a year ago.

00;21;54;14 – 00;22;24;22
Dr. Hunter Biram
December 2025 cotton futures were largely unchanged from a month ago, coming in about 68.7 cents per pound, but that’s going to be down from 71.8 cents a year ago. September 2025 wheat futures come in at $5.36 per bushel. That’s down $0.02 from a month ago and down six $0.02 from a year ago. Us weekly average peanut prices coming in at $526 per ton.

00;22;24;24 – 00;22;51;10
Dr. Hunter Biram
That’s up $8 per ton from a month ago, and that’s up $6 per ton from a year ago. The Mississippi River level at Memphis is reading at 13.4ft. That’s compared to 13.2ft from a year ago. So about in line with what happened last year. Arkansas Highway diesel coming in at $3.38 per gallon. That’s up from a month ago, which was $3.23 a gallon, and down from a year ago, which was at $3.52 a gallon.

00;22;51;13 – 00;23;17;09
Dr. Hunter Biram
Arkansas farm diesel coming in at $2.71 per gallon. That’s down from a month ago at $2.76 and Dow from a year ago at $2.74, but largely in line at about the same price as 2.71. Now, with the fertilizer prices, urea, $558 per ton. That’s down from a month ago at $575. Ammonium nitrate, $388 per ton. That’s down from a month ago at $414.

00;23;17;13 – 00;23;43;02
Dr. Hunter Biram
Ammonium sulfate is the same as a month ago at $540 per ton. DAP is at $828 per ton. That’s up from $810 a month ago. Triple super phosphate coming in at $715 per ton. That’s going to be up $40 per ton from a month ago, which was $675. And lastly, potash come in at $450 per ton. That’s up $10 a ton from $440, which was a month ago.

00;23;43;04 – 00;23;58;24
Dr. Hunter Biram
Thanks for tuning in today. I hope you enjoyed this episode of Morning Coffee and Ag markets, and tune in next week for another installment of prevented plant coverage. Thanks.