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 […]

Illinois Grain Farms: The Impact of Power and Equipment Costs Mar 22, 2021

🕔Mar 22, 2021
With tightening margins and greater amounts of uncertainty, producers are looking for ways to cut costs.  In this article, we will look at power and equipment costs components, how they […]

Illinois: Ag Debt Continues to Increase Feb 23, 2021

🕔Feb 23, 2021
Agricultural debt on a nominal basis in Illinois has been increasing since 1991. Data from the U.S. Department of Agriculture (USDA) and Illinois Farm Business Farm Management (FBFM) are shown […]

Stimulus Bill: What Changes Will Affect Farmers? Jan 20, 2021

🕔Jan 20, 2021
On December 27, 2020, the Consolidated Appropriations Act (CAA) of 2021 was signed into law.  There were many items in this legislation that affected farmers.  There were changes to the […]

Farm Finances: When Creating 2021 Budgets, Don’t Forget Family Living Costs Oct 19, 2020

🕔Oct 19, 2020
In 2019, the total noncapital living expenses of 1,257 farm families enrolled in the Illinois Farm Business Farm Management Association (FBFM) averaged $78,894–or about $6,600 a month for each family […]

Illinois Land Rents: Tying Amounts To Economic Returns – 10-Year Comparison Oct 6, 2020

🕔Oct 6, 2020
Over time, more farmland leases in Illinois have been shifting from traditional crop share leases to cash leases.  In addition, there has been some increase in flexible or variable rent […]

Illinois: Farm Real Estate Values Increase Slightly for 2020 Aug 17, 2020

🕔Aug 17, 2020
Each year the National Agricultural Statistics Service of the USDA releases estimated average farm real estate values by state.  The estimates are based on surveys of farmers from selected geographical […]

Illinois: A Different Financial View — How Much Do You Owe Per Acre? Jul 20, 2020

🕔Jul 20, 2020
Financial liabilities are a present obligation arising from past decisions.  While some operators can operate without borrowing, many farms operate with the use of borrowed capital. This article considers the […]

Illinois Grain Farms: How Did Prevented Planting Affect Income in 2019? Jul 8, 2020

🕔Jul 8, 2020
In 2019, many farmers in Illinois had prevented plant (PP) acres, acres that couldn’t be planted due to excessive moisture throughout the planting season. Previous analyses indicated that taking PP […]

Illinois: Characteristics of Higher Profit Farms Over the Last 5 Years Jun 22, 2020

🕔Jun 22, 2020
Data from the Illinois Farm Business Farm Management Association (FBFM) for 2015 through 2019 was used to analyze selected differences between the highest profit grain farms (high one-third) and the […]

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