Crop Revenue Less Crop Costs, Corn and Soybeans, Central Illinois, Illinois
							Farm Business Farm Management, 1990 -- 2003.
			Year
			1990	1991	1992	1993	1994	1995	1996	1997	1998	1999	2000	2001	2002	2003F			$183	$181
	Panel A. Corn
		Average yield	149	131	176	151	182	128	161	148	152	166	165	168	161	190			170	160
		Market price	2.39	2.38	2.38	2.20	2.49	2.37	3.33	2.80	2.10	1.97	1.97	1.95	2.31	2.26			2.25	2.25
		Effective LDP1	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.11	0.23	0.26	0.14	0.00	0.00
		Total price received	$2.39	$2.38	$2.38	$2.20	$2.49	$2.37	$3.33	$2.80	$2.21	$2.20	$2.23	$2.09	$2.31	$2.26
	Crop revenue per acre2		$356	$312	$419	$332	$453	$303	$536	$414	$336	$365	$368	$351	$372	$429			382.5	360
	Crop Costs per acre
		Fertilizer	53	55	52	51	53	62	61	62	62	$53	$53	$57	$55	$62			$56	$56
		Pesticides	22	24	24	26	28	29	33	34	33	31	32	33	34	34			36	$36
		Seed	23	23	24	24	26	27	28	31	33	34	33	34	34	35			38	$38
		Drying and storage	10	8	14	14	15	14	15	15	14	15	13	15	16	16			16	$16
		Mach repair, fuel, hire	30	27	26	29	27	27	28	29	27	27	31	31	30	30			32	$32
	Total crop costs		$147	$138	$142	$146	$147	$160	$171	$174	$169	$160	$162	$170	$169	$177			$178	$183
	Revenue less crop costs		$209	$174	$277	$186	$306	$143	$365	$240	$167	$205	$206	$181	$203	$252			$205	$177
	Panel B. Soybeans
		Average yield	47	46	49	49	52	44	48	49	49	52	49	50	50	38			49
		Market price	5.86	5.77	5.69	5.98	6.48	5.76	7.16	7.63	5.09	4.84	4.70	4.45	5.22	7.00			5.70
		Effective LDP1	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.46	0.88	0.94	1.17	0.00	0.00
		Total price received	$5.86	$5.77	$5.69	$5.98	$6.48	$5.76	$7.16	$7.63	$5.55	$5.72	$5.64	$5.62	$5.22	$7.00
	Crop revenue per acre2		$275	$265	$279	$293	$337	$253	$344	$374	$272	$297	$276	$281	$261	$266			279.3
	Crop Costs per acre
		Fertilizer	18	18	17	17	17	21	21	22	22	$19	$19	$21	$20	$22			$20
		Pesticides	22	25	25	28	29	30	34	35	34	32	33	30	31	35			37
		Seed	13	13	13	14	14	16	16	18	19	19	19	21	24	20			21
		Drying and storage	4	4	6	6	6	5	5	6	5	6	5	5	4	4			6
		Mach repair, fuel, hire	25	23	22	24	23	23	24	25	23	24	27	27	26	27			33
	Total crop costs		$82	$83	$83	$89	$89	$95	$100	$106	$103	$100	$103	$104	$105	$108			$117
	Revenue less crop costs		$193	$182	$196	$204	$248	$158	$244	$268	$169	$197	$173	$177	$156	$158			$162
	Difference (corn - soybeans)		$16	-$8	$81	-$18	$58	-$15	$121	-$28	-$2	$8	$33	$4	$47	$94			$42
	1Represents the average per bushel B14 receipt from Market Loan and Loan Deficiency Payment programs in Illinois.
	2Data are from Illinois Farm Business Farm Management.  Revenue from AMTA, MLA, soybean and deficiency payments are not included.
	Prepared by:  Gary Schnitkey and Dale Lattz, Department of Agricultural and Consumer Economics, University of Illinois, November 2003.
			139	121	166	141	172	118	151	138	142	156	155	158	151	180
		corn following corn	$180	$145	$248	$159	$276	$115	$327	$207	$140	$178	$179	$155	$175	$225
		corn following beans	$209	$174	$277	$186	$306	$143	$365	$240	$167	$205	$206	$181	$203	$252
		soybeans	$193	$182	$196	$204	$248	$158	$244	$268	$169	$197	$173	$177	$156	$158
		1/2 corn	$201	$178	$237	$195	$277	$151	$305	$254	$168	$201	$190	$179	$180	$205		$208	$154
		2/3 corn	$194	$167	$240	$183	$277	$139	$312	$238	$159	$193	$186	$171	$178	$212		$203	$173