Latest in Management
Revised 2021 Crop Budgets Lead to Higher 2021 Return Projections
The 2021 Crop Budgets have been revised from the original August release. Corn and soybean prices have been increased in revised budgets, leading to higher corn and soybean return projections for 2021. In most years, soybeans have been more profitable…
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
Revised 2021 Crop Budgets Lead to Higher 2021 Return Projections
The 2021 Crop Budgets have been revised from the original August release. Corn and soybean prices have been increased in revised budgets, leading to higher corn and soybean return projections for 2021. In most years, soybeans have been more profitable…
Understanding FSA Yields Used to Calculate 2019 ARC-CO Payments
The Farm Service Agency (FSA) released 2019 county yields used in calculating 2019 Agricultural Risk Coverage at the county level (ARC-CO) payments. The primary data source for calculating FSA yields is now crop insurance data from the Risk Management Agency…
Acreage Shifts in Illinois
Acreage decisions in Illinois are coming into focus for the 2021 planting year. Corn, soybeans, and wheat are the predominant crops in Illinois. Historic acreages in Illinois suggests that an increase in soybean acres will come with a reduction in…
Brightened 2020 Income Outlook for Illinois Grain Farms
In the past month, much has changed in outlook for grain farm income. The U.S. Department of Agriculture (USDA) is projecting relatively high yields for corn and soybean in Illinois. Moreover, price expectations have increased considerably. In addition, payments for…
Revised 2021 Crop Budgets Lead to Higher 2021 Return Projections
The 2021 Crop Budgets have been revised from the original August release. Corn and soybean prices have been increased in revised budgets, leading to higher corn and soybean return projections for 2021. In most years, soybeans have been more profitable…
Tillage Benchmarks for Corn in Illinois
Machinery costs, including tillage, make up a significant portion of the farm budget. Tillage practices in Illinois are diverse and have changed over time as new technologies have become available. Although a recent farmdoc daily article (September 22, 2020) suggests…
Understanding FSA Yields Used to Calculate 2019 ARC-CO Payments
The Farm Service Agency (FSA) released 2019 county yields used in calculating 2019 Agricultural Risk Coverage at the county level (ARC-CO) payments. The primary data source for calculating FSA yields is now crop insurance data from the Risk Management Agency…
When Creating 2021 Budgets, Keep In Mind Family Living Costs
In 2019, the total noncapital living expenses of 1,257 farm families enrolled in the Illinois Farm Business Farm Management Association (FBFM) averaged $78,894–or about $6,600 a month for each family (Figure 1). This average was about 1.1 percent higher than…
Acreage Shifts in Illinois
Acreage decisions in Illinois are coming into focus for the 2021 planting year. Corn, soybeans, and wheat are the predominant crops in Illinois. Historic acreages in Illinois suggests that an increase in soybean acres will come with a reduction in…
Cattle Finishing Net Returns in 2020
This year has exhibited wide swings in commodity prices, drastically changing net return prospects. Earlier papers examined net return prospects in early January and early May. This article provides updated feeding cost of gain, breakeven prices, and net return estimates…