Illinois Farm Real Estate Values – No Change in 2019

🕔Aug 19, 2019Each 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 Corn, Soybeans: How Much Did It Cost to Produce a Crop in 2018?

🕔Apr 22, 2019In 2018, the total of all economic costs per acre for growing corn in Illinois averaged $875 in the northern section, $877 in the central section for farmland with “high” […]

Illinois: Do Farm Family Living Costs Differ by Region?

🕔Feb 18, 2019We know that the cost of living differs among cities throughout Illinois.  Do farm families also have different costs of living based on what part of Illinois they live in?  […]

Farm Business: Minding Your Balance Sheet and Your Working Capital

🕔Jan 21, 2019If it isn’t already on your New Years’ Resolution list, improving your financial reporting and improving your understanding of your balance sheet should be on that list.  Navigating the challenging […]

Illinois Farm Family Business: 2019 Budgets – Don’t Forget Family Living Costs

🕔Oct 22, 2018In 2017, the total noncapital living expenses of 1,219 farm families enrolled in the Illinois Farm Business Farm Management Association (FBFM) average was $79,798–or $6,650 a month for each family. […]

Farm Finances: End of Year Tax Planning for 2018

🕔Sep 24, 2018Harvest is consuming most of your attention right now, but consider taking some time to review your accounting records in anticipation of planning for the end of the year. With […]

Illinois: Ag Debt Continues to Increase – How Does Your Farm Stand?

©Debra L Ferguson
🕔Aug 20, 2018Agricultural 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 […]

Farm Business: Cash Is King – 4 Methods of Measuring Liquidity

🕔Jul 25, 2018In good times cash is king and in not so good times it is even better.  There are three primary liquidity ratios that are important from a business perspective.  And […]

Illinois Grain: Machinery Value Comparison – 2006 v. 2016

🕔Jun 18, 2018As farm incomes began to increase after 2006 due to higher grain prices, machinery values began to increase as well. There are many reason for this increase. We will compare […]

Illinois: Characteristics of Higher Profit Farms in 2017

🕔May 21, 2018This article uses 2017 data from Illinois Farm Business Farm Management to highlight selected differences between the highest profit grain farms (high one-third) and lower profitability grain farms (low one-third). […]

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