Latest in Management
Release of the 2021 Crop Insurance Decision Tool
The 2021 Crop Insurance Decision Tool has been released to aid in crop insurance decisions. It is a Microsoft Excel workbook that can be downloaded from farmdoc. One sheet in this workbook provides farmer-paid premiums for different federally-regulated policies administered…
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
Release of the 2021 Crop Insurance Decision Tool
The 2021 Crop Insurance Decision Tool has been released to aid in crop insurance decisions. It is a Microsoft Excel workbook that can be downloaded from farmdoc. One sheet in this workbook provides farmer-paid premiums for different federally-regulated policies administered…
Cost Management: Interest Rates & Refinancing
An increase in cash prices for corn and soybeans brightens the outlook for Illinois farm income in 2021, but continued uncertainty in the economy and market factors means careful farm budgeting is still important. As always, cost management is key…
Average Corn and Soybean Yields Across the Midwest
Corn and soybean yields for the years from 2015 to 2019 are shown for Crop Reporting Districts (CRDs) in the Midwest. Also reported are corn-to-soybean yield ratios. Overall, corn-to-soybean yield ratios tend to be higher in the western corn belt…
Payment Examples Under Enhanced Coverage Option
We provide payment examples for Enhanced Coverage Option (ECO) to aid in understanding of the new crop insurance option. We also show 2021 expected county yields for corn and soybeans in Illinois. This article continues a series of articles on…
Years in Which Enhance Coverage Option Pays
Previous articles on Enhanced Coverage Option (ECO) provide a description of the product, evaluate the size of premiums, and give historical frequencies of payments. Herein we illustrate the years in which ECO and Supplemental Coverage Option (SCO) will make payments…
Premiums for the Enhanced Coverage Option
Enhanced Coverage Option (ECO) will be available for the first time in 2021. With ECO, purchasers of Revenue Protection (RP) or other COMBO products can extend county-level coverage up to a 90% or 95% coverage level. This article shows preliminary…
Release of the 2021 Crop Insurance Decision Tool
The 2021 Crop Insurance Decision Tool has been released to aid in crop insurance decisions. It is a Microsoft Excel workbook that can be downloaded from farmdoc. One sheet in this workbook provides farmer-paid premiums for different federally-regulated policies administered…
What Changes Are in the New Stimulus Bill That Affect Farmers?
On December 27, 2020, the Consolidated Appropriations Act (CAA) of 2021 was signed into law. There were many items in this legislation that affected farmers. There were changes to the Paycheck Protection Program (PPP), Economic Injury Disaster Loan (EIDL) advance…
Cost Management: Interest Rates & Refinancing
An increase in cash prices for corn and soybeans brightens the outlook for Illinois farm income in 2021, but continued uncertainty in the economy and market factors means careful farm budgeting is still important. As always, cost management is key…
Cattle Finishing Net Returns Prospects for 2021
COVID-19 and fluctuating fed cattle and feed prices resulted in another challenging year for cattle finishers. An earlier article examined net returns for the first nine months of 2020. This article updates feeding cost of gain, breakeven prices, and net…
Average Corn and Soybean Yields Across the Midwest
Corn and soybean yields for the years from 2015 to 2019 are shown for Crop Reporting Districts (CRDs) in the Midwest. Also reported are corn-to-soybean yield ratios. Overall, corn-to-soybean yield ratios tend to be higher in the western corn belt…
Soybean Gall Midge: An Insect We Happily Did Not Find in Illinois During 2020
It’s not here yet, but there’s a new soybean pest approaching on the distant western horizon. Illinois entomologists were part of a project to survey for it in Illinois during the 2020 growing season.