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 […]

Illinois Corn, Soybeans: How Much Did It Cost to Produce a Crop in 2018? Apr 22, 2019

🕔Apr 22, 2019
In 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, 2019

🕔Feb 18, 2019
We 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, 2019

🕔Jan 21, 2019
If 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 […]

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