Source: FARM PROGRESS, 11/29/16


When Jeff Kirwan, who farms 2,400 acres near New Windsor, Ill., added higher-value crops five years ago, he mitigated some of the risk by sticking with the corn and soybean crops he already knew. He wanted to capture premiums with non-GMO corn and soybeans. At first, premiums added 40 to 45 cents per bushel of corn, and $1.40 or more to a bushel of soybeans. Then, as more people began to grow the crops and commodity prices plummeted, premiums dropped.

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