Latest in Management
Cost to Produce Corn and Soybeans in Illinois—2020
In 2020, the total of all economic costs per acre for growing corn in Illinois averaged $869 in the northern section, $893 in the central section for farmland with “high” soil ratings, $850 in the central section for farmland with…
Machinery Cost of Operations Estimates
Machinery Cost Estimates Summary
Field Operations
Harvest Operations
Forage Operations
Illinois Crop Budgets and Historic Returns
Revenue and Costs for Illinois Grain Crops
Shows historical cost for the last 5 years and projections for next year. Table gives results for corn, soybeans, wheat,…
2021 Budgets For All Regions
This publication presents crop budgets for three regions in Illinois: northern, central, and southern Illinois. Central Illinois is further divided…
2020 Budgets For All Regions
This publication presents crop budgets for three regions in Illinois: northern, central, and southern Illinois. Central Illinois is further divided…
2019 Budgets For All Regions
2018 Budgets For All Regions
2017 Budgets For All Regions
2016 Budgets For All Regions
2013 – 2016 Budgets For All Regions
Cost to Produce Corn and Soybeans in Illinois
Illinois Farmland Leasing and Rental Forms
Crop Share Lease Form – PDF
Livestock Share Lease Form – PDF
Fixed Cash Rent Lease Form – Short Form – PDF
Pasture Lease Form – PDF
Illinois Cash Farm Lease Form – PDF
The lease form represents a basic model for an agricultural lease. The parties to the lease or their legal counsel…
Conservation Habitat Addendum – PDF
Nutrient Management Addendum – PDF
Soil Health and Conservation Addendum – PDF
October 31 is “Notice” Deadline for Many Farm Leases
Farmland Leasing Facts Sheets and Pricing Information
Variable Cash Rent Leasing Fact Sheet
Index Numbers of Illinois Farmland Values
Finance
Financial Characteritics of Illinois Farms
Credit Reports and Consumer Credit Scoring
Whole Farm and Other Reports
Summary of Illinois Farm Business Records
Farm Income and Production Cost Summary
Farm and Family Living Income and Expenses
Cost to Produce Beef in Illinois
Cost to Produce Milk in Illinois
What Questions Should Farmers Ask about Selling Carbon Credits?
Agricultural carbon markets exist through privately and publicly owned companies with aim to reduce carbon emissions through trade of carbon units sequestered at the farm level. The sale of carbon credits presents an opportunity for farmers to receive financial benefits…
Tax on Farm Estates and Inherited Gains
The U.S. Congress is debating two sets of new legislation that would impact the tax on farmer estates and inherited gains, indicative of the momentum for changes to the current code for estate, gifts, and generation skipping taxes. Both pieces…
Impacts of Removal of Illinois Sales Tax Exemptions on Illinois Grain Farms
Farmers do not pay Illinois’ 6.25% sales tax on exempt agriculture inputs. We examine the impacts removing existing sales tax exemptions resulting in a 6.25% sales tax added to fertilizer, pesticides, seed, and machinery-related expenses. From 2015 to 2019, these…
RP, ECO, and SCO Tradeoffs
For the past several years, many farmers in the Midwest purchased Revenue Protection (RP) crop insurance at an 85% coverage level (RP-85%). Due to both higher projected prices and volatilities, RP-85% will have about double the premium costs in 2021…
Potential Payouts from Enhanced Coverage Option
Payments from the crop insurance add-on Enhanced Coverage Option (ECO) at different prices and yields are illustrated in this article. Since ECO coverage levels are high, ECO will make payments in many years. Given premium support involved, ECO should average…
Using farmdoc Tools to Make the ARC-CO and PLC Decisions
Two tools are available on the farmdoc website for evaluating Commodity title choices faced by farmers. The first is the 2018 Farm Bill What-If Tool, a Microsoft Excel spreadsheet that calculates payments under differing price and yield scenarios. The second…
Cost to Produce Corn and Soybeans in Illinois—2020
In 2020, the total of all economic costs per acre for growing corn in Illinois averaged $869 in the northern section, $893 in the central section for farmland with “high” soil ratings, $850 in the central section for farmland with…
What Will Be the Capabilities and Skills Needed to Manage the Farm of the Future?
A recent farmdoc daily article discussed a number of automation and precision agriculture technologies that will be increasingly used in production agriculture. The adoption and use of these technologies will require additional expertise and skills of managers and the workforce…
USDA Planted Acreage Revisions for Corn, Soybeans, and Principal Crops
The USDA released the 2021 Prospective Plantings report on March 31st. The report indicated that U.S. farmers this year intended to plant 91.444 million acres of corn, 87.6 million acres of soybeans, and 316.2 million acres for all principal crops.…
What Questions Should Farmers Ask about Selling Carbon Credits?
Agricultural carbon markets exist through privately and publicly owned companies with aim to reduce carbon emissions through trade of carbon units sequestered at the farm level. The sale of carbon credits presents an opportunity for farmers to receive financial benefits…
Brazil: Corn Production in Three Crops per Year
Brazil’s corn production has increased over the past two decades because of the increased production of second crop corn, also known as the safrinha, or “little harvest” in Portuguese. Over the past 20 years, the second crop corn production has…
Automation and Robotics in Production Agriculture
Recent farmdoc daily articles have discussed the importance of new technologies to crop agriculture, the value and role of information in the adoption of technologies, and possible payoffs for precision farming. This article explores trends in automation and robotics in…
Cost to Produce Corn and Soybeans in Illinois—2020
In 2020, the total of all economic costs per acre for growing corn in Illinois averaged $869 in the northern section, $893 in the central section for farmland with “high” soil ratings, $850 in the central section for farmland with…
What Will Be the Capabilities and Skills Needed to Manage the Farm of the Future?
A recent farmdoc daily article discussed a number of automation and precision agriculture technologies that will be increasingly used in production agriculture. The adoption and use of these technologies will require additional expertise and skills of managers and the workforce…
What Questions Should Farmers Ask about Selling Carbon Credits?
Agricultural carbon markets exist through privately and publicly owned companies with aim to reduce carbon emissions through trade of carbon units sequestered at the farm level. The sale of carbon credits presents an opportunity for farmers to receive financial benefits…
Brazil: Corn Production in Three Crops per Year
Brazil’s corn production has increased over the past two decades because of the increased production of second crop corn, also known as the safrinha, or “little harvest” in Portuguese. Over the past 20 years, the second crop corn production has…
Automation and Robotics in Production Agriculture
Recent farmdoc daily articles have discussed the importance of new technologies to crop agriculture, the value and role of information in the adoption of technologies, and possible payoffs for precision farming. This article explores trends in automation and robotics in…
Tax on Farm Estates and Inherited Gains
The U.S. Congress is debating two sets of new legislation that would impact the tax on farmer estates and inherited gains, indicative of the momentum for changes to the current code for estate, gifts, and generation skipping taxes. Both pieces…