Illinois Farm Finances: How Will Chinese Tariffs Affect Grain Farms?

🕔Apr 18, 2018Recent events suggest a possibility that China will place a 25% tariff on soybean exports from the United States to China. Such a tariff would result in lower soybean prices […]

Farm Business: Pay Attention to the Details for Accurate Accounting

🕔Apr 9, 2018It was 2011. I was hired as an accountant to review a farm operation and its various operations: corn, soybeans, dairy, beef, hogs, and chickens. Corn and soybean prices were […]

Illinois: Farm Family Expenses Budgeted on a Per Acre Basis

🕔Mar 19, 2018Family living expenses are not a tax-deductible expense of the farm business, but they must be budgeted for to sustain the living expense of the farm operator and their family. […]

Illinois: Trends in Farm Balance Sheets Over Time

🕔Mar 15, 2018Trends in the financial position of Illinois farms are presented in this article. Overall, farms gained financial strength from 2006 to 2012. Since 2012, working capital has declined. The net […]

Ag Economy: Farmers Still Caught in Economic Squeeze

🕔Mar 13, 2018A news release last week from the Food and Agricultural Policy Research Institute (FAPRI) at the University of Missouri indicated that, “The latest analysis of national and global agricultural trends from […]

Farm Debt: How Sensitive Is the Farm Sector to Rising Interest Rates?

🕔Mar 12, 2018This article was originally run in CHOICES Magazine and can be found at the Source Link below the article. Recent farm sector trends, including rising debt and declining income, have […]

Illinois: Farm Income and Policy Simulator Offers Real-World Economics

🕔Mar 7, 2018With today’s article, the Gardner Agriculture Policy Program introduces a comprehensive tool for farm income, economics and policy analysis (farmdoc daily, January 27, 2017). The Gardner Farm Income and Policy Simulator […]

Farm Income: Will It Really Drop to a 12-Year Low in 2018?

🕔Feb 22, 2018On February 7, USDA’s Economic Research Service (ERS) released their initial 2018 farm income forecasts. ERS forecasts a number of farm financial measures. The two most commonly reported measures are net […]

Ohio Crops: Do You Know Your Production Cost?

🕔Feb 21, 2018Which number is closest to your total direct and overhead cost of production per bushel of corn: $3.08, $4.17, or $6.21? Do you know? Forty-two farms completed their 2016 farm […]

Illinois: Why Should Farmers Know About the Illinois Schedule SA Income Allocations?

🕔Feb 19, 2018On July 6, 2017, Illinois Public Act 100-0022 became law. One item in this Act was an Illinois income tax rate increase effective July 1, 2017. The Illinois income tax […]

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