Illinois Farm Business: Capital Purchases Down? Expect More Tax Liability.

🕔Dec 6, 2017Many Illinois grain farmers have reduced capital purchases in recent years, with prospects for further cuts in 2017 and future years. Overall, reducing capital purchases is a prudent step in […]

Farm Budget: Don’t Forget Rising Family Living Costs

🕔Oct 16, 2015In 2014, the total noncapital living expenses of 1,350 farm families enrolled in the Illinois Farm Business Farm Management Association (FBFM) averaged $81,711–or $6,809 a month for each family (Figure […]

Illinois: Low Crop Prices Necessitate Reduced Capital Purchases

🕔Jun 23, 2015Grain farms are projected to have lower farm incomes over the next several years than in 2010, 2011, and 2012. Lower incomes then will require many farmers to lower capital […]

Illinois: On Farm Capital Purchases Shift Purchase Timing

🕔Feb 20, 2015Over the last ten years, we have seen higher crop prices, higher costs, and greater expense election limits. What has this done to capital purchases? To determine this, we looked […]

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