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. […]

Illinois Farm Business: 2018 Budgets – Don’t Forget Family Living Costs Oct 20, 2017

🕔Oct 20, 2017
In 2016, the total noncapital living expenses of 1,333 farm families enrolled in the Illinois Farm Business Farm Management Association (FBFM) average was $76,916–or $6,410 a month for each family. […]

Talking Crops Podcast: Don’t Cut Corners on Input Costs – AgFax Dec 9, 2015

🕔Dec 9, 2015
Budgeting for next year is going to be tight for many farmers due to low commodity prices and high cash rents. Some economists have even suggested cutting upwards to $100 dollar […]

Silver Linings Hidden in Farm Economy Headwinds? – DTN Dec 8, 2015

🕔Dec 8, 2015
CoBank President Mary McBride thinks the ag economy is facing some stout headwinds: a lower price environment, a strong U.S. dollar, deceleration of the Chinese economy and increased global competition […]

Grain, Soybeans: What Declining Production Costs Mean for the Future Nov 19, 2015

🕔Nov 19, 2015
This article looks at the trends in real cash cost per acre of producing corn, soybeans, and wheat since 1975, the first year cost data for the U.S. are available. […]

Real Cash Production Costs for Grains on the Decline Nov 18, 2015

🕔Nov 18, 2015
In the June 4, 2015 farmdoc daily article, “Current Corn, Soybean, and Wheat Prices in Long Term Perspective,” I wrote that “While historical trends do not always hold, absent strong […]

Corn: How Much Seed Cost has Increased Since 1994 Nov 18, 2015

🕔Nov 18, 2015
Of all non-land costs for corn, seed costs on a per acre basis increased the most between 2006 and 2014, increasing by 164% percent (farmdoc daily September 1, 2015). This […]

Farm Sector Slowdown Continues, Says Fed Bank Survey Nov 12, 2015

🕔Nov 12, 2015
Farm income in the Tenth District dropped in the third quarter, intensifying concerns about farm sector liquidity and credit conditions in the coming months. Bankers generally expected farmers to continue […]

Farm Budget: Farmland Values Stressing Balance Sheets Oct 28, 2015

🕔Oct 28, 2015
In the 1980s, farmland price decreases contributing to farm financial stress. Today, some concern exists that farmland price decreases could cause financial stress in the next several years. While large […]

Talking Crops Podcast: Cut Budgets By $100 An Acre For 2016 Oct 19, 2015

🕔Oct 19, 2015
<iframe width=”100%” height=”166″ scrolling=”no” frameborder=”no” src=”https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/229138968&amp;color=ff5500&amp;auto_play=true&amp;hide_related=false&amp;show_comments=true&amp;show_user=true&amp;show_reposts=false”></iframe> Cutting $100 an acre from corn and soybean budgets – especially in the Midwest – will be a critically important step for farmers who […]

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