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: 2020 Incomes and Capital Expenditure Oct 13, 2021

🕔Oct 13, 2021
Average net farm income on Illinois grains farms was above-average in 2020 primarily because of two factors: 1) higher corn and soybean prices in the second half of 2020, and […]

2021 Commodity Program Enrollment Dashboard Oct 5, 2021

🕔Oct 5, 2021
This article contains a summary of the US Department of Agriculture (USDA), Farm Service Agency (FSA) report on commodity program choice for the 2021 crop year.  For most crops, share […]

Illinois: Trends in Farmland Leasing Oct 4, 2021

🕔Oct 4, 2021
Over time, more Illinois farmland is being cash rented rather than share rented. Cash rental arrangements adjust more slowly to changes in farmland returns than share rental agreements. As more […]

Farm Business: Debt Financing and Timing Farmland Purchases Sep 25, 2021

🕔Sep 25, 2021
Farmland returns have averaged around 10%, particularly when holding periods exceed 20 years. Even given this 10% average return, financing farmland is difficult because capital gains make up a large […]

Brazil Starts Planting Grain Crop with Forecast of a New Record Sep 24, 2021

🕔Sep 24, 2021
Farmers in Brazil began planting in September for what is expected to be a recording-breaking 2021-2022 harvest. The first projection from CONAB (National Supply Company in Brazil) projects farmers will […]

Ag Taxes: Evaluating Impact of House Ways & Means Proposal Sep 20, 2021

🕔Sep 20, 2021
New details for a potential $3.5 trillion spending and tax package were released by the House Ways & Means Committee on Monday September 13, 2021, including a proposal for funding […]

Corn, Soybeans: WASDE 2021 Price Projections – A Historical Perspective Sep 16, 2021

🕔Sep 16, 2021
The Office of the Chief Economist of the U.S. Department of Agriculture recently revised 2021 market year average (MYA) price projections to $5.45 per bushel for corn and $12.90 per […]

Cash Rents – A Straight-Forward Structure for a Variable Agreement Aug 20, 2021

🕔Aug 20, 2021
Unlike fixed cash rental arrangements, payments from a variable cash rent arrangements will vary based on prices and yields. Often during times of changing commodity prices, there is a need […]

Illinois Corn, Soybeans: 2022 Crop Budgets Contain Higher Costs Aug 7, 2021

🕔Aug 7, 2021
Non-land costs for 2022 corn and soybean production are projected to be at all-time highs. Despite these high costs, corn and soybean production is projected to be profitable in 2022 […]

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