Illinois: Farm Income Outlook for 2022 Dec 30, 2021

🕔Dec 30, 2021
Net income on Illinois grain farms will be at record levels in 2021, likely near $325,000 per farm. This $325,000 represents an average for grain farms enrolled in Illinois Farm […]

Farm Machinery Cost Estimates for 2021 Oct 15, 2021

🕔Oct 15, 2021
Machinery cost estimates for 2021 have been released and are available on the farmdoc website. Machinery costs are updated every two years, with the last update occurring in 2019. Substantial […]

Illinois: Grain Farm Incomes in 2020, 2021 Jan 4, 2021

🕔Jan 4, 2021
Expectations of net incomes on Illinois grain farms changed over 2020.  Above trend yields in 2020 combined with higher corn and soybean prices will lead to higher 2020 crop revenue […]

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: Brightened 2020 Income Outlook for Grain Farms Sep 23, 2020

🕔Sep 23, 2020
In the past month, much has changed in outlook for grain farm income.  The U.S. Department of Agriculture (USDA) is projecting relatively high yields for corn and soybean in Illinois.  […]

Illinois: Cash Rents in 2020, Projections for 2021 Sep 16, 2020

🕔Sep 16, 2020
The National Agricultural Statistical Service (NASS) recently released state and county rents for 2020. In addition, the Illinois Society of Professional Farm Managers and Rural Appraisers released their projections of […]

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” […]

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