Illinois: Number of Farms, Farmland Acreage Changes – 2012-2017

🕔Apr 29, 2019The Census of Agriculture is a national account of all U.S. farms, ranches, and operators. The Census is conducted every five years and provides valuable information on land use and […]

Net Farm Income Forecast: What Will 2019 Look Like?

🕔Feb 26, 2019The USDA’s Economic Research Service (ERS) first forecast of 2019 net farm income was initially scheduled for a February 6 release, but the partial government shutdown caused a delay in the […]

Farmland Markets: Headwinds, Tailwinds, and Long Term Prospects

🕔Jan 14, 2019This is a presentation summary from the 2018 Illinois Farm Economics Summit (IFES) which occurred December 17-21, 2018. A complete collection of presentations including PowerPoint Slides (PPT) and printable summaries […]

Net Farm Income Forecast – How Accurate Is USDA?

🕔Dec 6, 2018On November 30th, the USDA’s Economic Research Service (ERS) released revised forecasts for 2018 farm incomes. The revised forecast suggest that aggregate net farm income is expected to decline by […]

Buying Equipment: Does Dealer Financing Make It Riskier in a Downturn?

🕔May 29, 2018In a series of recent articles, we show that farmers’ use of implement dealer financing has increased substantially since 2003. Implement dealers currently provide nearly one-third of the agricultural sector’s […]

Dealer Financing: What Are Those Interest Rates You’re Paying?

🕔May 17, 2018In a previous article, we estimated that implement dealers provided 27% of the agricultural sector’s long term non-real estate debt in 2016 (farmdoc daily, May 9, 2008). This post examines the […]

Farm Equipment Dealers Have Growing Share of Loan Market

🕔May 10, 2018Farmers rely on external debt capital to finance their capital base, to conduct marketing and production activities, and to provide a valuable source of liquidity in responding to risk. Farmers […]

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 […]

USDA’s Nov. Farm Income Forecast is a Good Predictor for 2017

🕔Nov 30, 2017On November 29, 2017, the USDA’s Economic Research Service released an updated projection of 2017 net farm income. The forecast of $63.2 billion is $200 million (0.3%) lower than the […]

Interpreting USDA’s Recent Farm Income Forecast

🕔Sep 1, 2017On August 30, 2017, the USDA released the most recent forecast of 2017 net farm income. The updated projection of $63.4 billion is $1.1 billion (1.8 percent) higher than the […]

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