Illinois: Do Farm Family Living Costs Differ by Region?

🕔Feb 18, 2019We know that the cost of living differs among cities throughout Illinois.  Do farm families also have different costs of living based on what part of Illinois they live in?  […]

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. […]

Farm Finances: When Creating 2018 Budgets, Keep In Mind Family Living Costs

🕔Oct 23, 2017In 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. […]

Illinois: How Will Farm Living Affect My 2017 Budgets?

🕔Oct 21, 2016In 2015, the total noncapital living expenses of 1,377 farm families enrolled in the Illinois Farm Business Farm Management Association (FBFM) averaged $78,538–or $6,545 a month for each family. This […]

Farm Budget: Don’t Forget Rising Family Living Costs

🕔Oct 16, 2015In 2014, the total noncapital living expenses of 1,350 farm families enrolled in the Illinois Farm Business Farm Management Association (FBFM) averaged $81,711–or $6,809 a month for each family (Figure […]

Iowa: Landlords Will Give a Little on Cash Rents, but Not a Lot – DTN

🕔Aug 31, 2015Defining a fair rent is likely to get a little tricky this fall. Landowners read the headlines, “Cash rents have to come down” for farmers to survive. “But my landowning […]

Ask the Taxman: Installment Sales; Land Rentals; Social Security Options – DTN

🕔Jun 22, 2015QUESTION: When my grandfather retired from the farm, he transferred most of his business assets to his children. Each year, each child gifts $14,000 back to grandpa for his living […]

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