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 […]

Illinois Corn, Soybeans: How Much Were Production Costs in 2019? May 18, 2020

🕔May 18, 2020
In 2019, the total of all economic costs per acre for growing corn in Illinois averaged $878 in the northern section, $912 in the central section for farmland with “high” […]

Illinois: Digging Into Net-Share Land Rent Returns – Multi-Year Comparisons Mar 20, 2020

🕔Mar 20, 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 […]

Farm Working Capital: Key Measure Slips Unevenly In Illinois Comparisons Jan 21, 2020

🕔Jan 21, 2020
This article examines working capital to value of farm production for selected producer characteristics.  Working capital to Value of Farm production is one of the traditional measures of liquidity suggested […]

Farm Finances: 2020 Budgets – Don’t Forget Family Living Costs Nov 18, 2019

🕔Nov 18, 2019
In 2018, the total noncapital living expenses of 1,306 farm families enrolled in the Illinois Farm Business Farm Management Association (FBFM) average was $77,999–or $6,500 a month for each family. […]

Farm Balance Sheet: Debt/Asset Ratio and Interest Expense Ratio Sep 24, 2019

🕔Sep 24, 2019
Solvency from a financial perspective and in simple terms measures the amount of debt relative to net worth on an individual farmer’s balance sheet.  Lenders obviously charge interest on loans […]

Illinois Farm Real Estate Values – No Change in 2019 Aug 19, 2019

🕔Aug 19, 2019
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 […]

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