Illinois: Ag Debt Continues to Increase Feb 23, 2021

🕔Feb 23, 2021
Agricultural debt on a nominal basis in Illinois has been increasing since 1991. Data from the U.S. Department of Agriculture (USDA) and Illinois Farm Business Farm Management (FBFM) are shown […]

Farm Business: 6 Management Practices to Improve Your Operation Jan 28, 2021

🕔Jan 28, 2021
In every part of agriculture there are farms and farmers that excel in what they do. Have you ever asked yourself why there are fewer and fewer farms each and […]

Farm Finances: Cost Management – Interest Rates and Refinancing Jan 15, 2021

🕔Jan 15, 2021
An increase in cash prices for corn and soybeans brightens the outlook for Illinois farm income in 2021, but continued uncertainty in the economy and market factors means careful farm […]

SBA Gearing Up New Paycheck Protection Program Loans – DTN Jan 12, 2021

🕔Jan 12, 2021
Farmers, livestock producers and other small business owners can start applying for the Small Business Administration’s new Paycheck Protection Program (PPP) loans as early as Monday if they are working […]

Farmer Sentiment Rises with Income Prospects Improve, Policy Concerns Remain – Ag Barometer Jan 5, 2021

🕔Jan 5, 2021
Farmer sentiment improved modestly in December as the Ag Economy Barometer rose to a reading of 174, up 7 points from November. December’s sentiment improvement still left the barometer 9 points lower […]

Family Farm Diversity – A Look at Size, Profitability Dec 15, 2020

🕔Dec 15, 2020
Last week, the USDA’s Economic Research Service (ERS) released its annual report exploring characteristics of U.S. farms: “America’s Diverse Family Farms: 2020 Edition.”  Today’s update includes highlights from the report, […]

Ag Economy: Banks Trim Farm Lending – Federal Reserve Dec 9, 2020

🕔Dec 9, 2020
Third Quarter Commercial Bank Call Report Data Agricultural loan balances at commercial banks continued to decrease in the third quarter, according to Call Report data. Most of the recent decrease […]

DTN Late-Year Farmer Survey – Optimism, Some Surprises Dec 8, 2020

🕔Dec 8, 2020
Higher incomes and increased commodity prices have farmers feeling more confident about the present and their immediate future despite that, for many producers, the 2020 presidential election did not turn […]

Farm Income: Better Prices Not Likely to Offset Subsidy Reductions Dec 7, 2020

🕔Dec 7, 2020
Donnelle Eller reported on the front page of Friday’s Des Moines Register that, “Mid-Iowa Cooperative’s Mike Kinley sees a $275 million soybean processing plant under construction in eastern Iowa as a way […]

2020 Farm Sector Income Forecast, Dec. Update Dec 4, 2020

🕔Dec 4, 2020
The USDA’s Economic Research Service (ERS) indicated on Wednesday that, “Net farm income, a broad measure of profits, is forecast to increase $36.0 billion (43.1 percent) from 2019 to $119.6 billion in 2020. “Net cash farm […]

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