Illinois: 6 Counties Designated Natural Disaster Areas to Drought Jul 6, 2021

🕔Jul 6, 2021
This Secretarial natural disaster designation allows the United States Department of Agriculture (USDA) Farm Service Agency (FSA) to extend much-needed emergency credit to producers recovering from natural disasters through emergency loans. […]

Illinois: Exploring Characteristics of Higher Profit Farms – 2011 through 2020 Jun 22, 2021

🕔Jun 22, 2021
Data from the Illinois Farm Business Farm Management Association (FBFM) for 2011 through 2020 was used to analyze selected differences between the highest profit grain farms (high one-third) and the […]

Corn, Soybeans: Chances of Lower Harvest Revenues in 2021 Jun 18, 2021

🕔Jun 18, 2021
The harvest-time futures contracts for corn and soybeans continue to trade at levels well above those experienced since 2013.  In a recent article (farmdoc daily, May 11, 2021), we used the farmdoc Price […]

Grain Farms: High Commodity Prices Lead to Increased Production Costs Jun 14, 2021

🕔Jun 14, 2021
Over time, per acre input costs on grain farms tend to rise with commodity price increases. In this article, we illustrate this relationship for corn in 1) central Illinois using […]

Illinois Grain Farms: Potential Impact of Estate Tax Changes Jun 8, 2021

🕔Jun 8, 2021
The Biden administration has expressed interest in raising federal estate taxes by lowering the tax-triggering estate value and increasing estate tax rates. Such proposals were included in recent draft legislation […]

Illinois: How Will Biden’s Tax Plan Affect Grain Farms? Jun 8, 2021

🕔Jun 8, 2021
President Biden’s American Families Plan introduced in April 2021 includes provisions that would dramatically change the tax code, specifically the changes for basis valuation in appreciated property and taxing capital […]

Illinois: Weed Science Field Research Tour, Champaign, June 23 Jun 8, 2021

🕔Jun 8, 2021
The weed science program at the University of Illinois invites all weed management practitioners to our annual weed science field tour on Wednesday, June 23 at the Department of Crop […]

Illinois Corn, Soybeans: High Return Outlook for 2021 May 21, 2021

🕔May 21, 2021
The U.S. Department of Agriculture released 2021 corn and soybean supply balance sheets for the first time in the May World Agricultural Supply and Demand Estimates (WASDE) report. In the report, […]

Illinois Corn: Adjusting Nitrogen Fertilizer Rates to Price Changes Apr 29, 2021

🕔Apr 29, 2021
Corn planting progress continues, with 23% of the Illinois crop planted by April 25, and planting continues with some rain delays the last week of April. The warm temperatures that […]

Illinois Corn, Soybeans: Taking a Look at Recent Yields Apr 28, 2021

🕔Apr 28, 2021
For 2020, the state of Illinois had an average soybean yield of 60 bushels per acre and an average corn yield of 192 bushels per acre. Illinois’ exceptional soybean and […]

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