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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…

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Illinois Farm Management Handbook

Machinery Cost of Operations Estimates

Machinery Cost Estimates Summary

Summary of costs for Field Operations, Havest Operations, Tractor and Forage Operations.
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Field Operations

This publication shows estimated costs of performing agricultural field operations.
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Harvest Operations

This publication shows estimated costs for combining, using grain carts, and hauling grain.
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Tractor Costs

Shows estimated costs for different sized tractors
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Forage Operations

This publication shows estimated costs for owning and operating forage machinery.
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Illinois Crop Budgets and Historic Returns

2017 Budgets For All Regions

This publication presents crop budgets for three regions in Illinois: northern, central, and southern Illinois.
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2016 Budgets For All Regions

This publication presents crop budgets for three regions in Illinois: northern, central, and southern Illinois.
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2013 – 2016 Budgets For All Regions

This provides summary cost of production budgets for corn and soybeans. Results are included for all regions in Illinois.
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Cost to Produce Corn and Soybeans in Illinois

The total of all economic costs per acre for growing corn and soybeans in Illinois.
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Illinois Farmland Leasing and Rental Forms

Farmland Leasing Facts Sheets and Pricing Information

Cash Rent Leasing Fact Sheet

Facts on Cash Rent leases.
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Share Rent Leasing Fact Sheet

Facts on Crop Share leases.
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Variable Cash Rent Leasing Fact Sheet

Summary of statistical data on variable case rent leases in Illinois.
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Illinois County Average Cash Rents (NASS)

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Finance

Financial Characteritics of Illinois Farms

This report is based on data obtained from farm business records on Illinois farms. It is an annual summary of such records obtained from farmers cooperating with University of Illinois Extension, the Department of Agricultural and Consumer Economics, and the Illinois Farm Business Farm Management (FBFM) Association.
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Credit Reports and Consumer Credit Scoring

This report is based on farm income and earnings data on Illinois farms. It is an annual summary of such records obtained from farmers cooperating with University of Illinois Extension, the Department of Agricultural and Consumer Economics, and the Illinois Farm Business Farm Management (FBFM) Association.
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Whole Farm and Other Reports

Summary of Illinois Farm Business Records

This report is based on farm income and earnings data on Illinois farms. It is an annual summary of such records obtained from farmers cooperating with University of Illinois Extension, the Department of Agricultural and Consumer Economics, and the Illinois Farm Business Farm Management (FBFM) Association.
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Farm Income and Production Cost Summary

This report summarizes farm income and earnings for FBFM enrolled farms for 2012-2016.
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Farm and Family Living Income and Expenses

Summary of annual capital and noncapital family living expenditures and income and social security tax payments.
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Cost to Produce Beef in Illinois

Report with summary of cost to produce beef in Illinois.
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Cost to Produce Milk in Illinois

Report with summary of cost to produce milk in Illinois.
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Weekly Farm Economics

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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…

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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…

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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…

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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…

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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…

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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…

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Precision Conservation Management (PCM)

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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…

read more

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.…

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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…

read more

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…

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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…

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A Farm Policy Experiment: A Differentiated Rice Commodity Program

Farm bills, like most legislation, contain policy experiments.  Usually they are small pilot programs or a variation on existing programs.  Some experiments evolve into larger programs or become the standard program.  A current farm bill experiment is the price of…

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Management Articles

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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…

read more

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…

read more

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…

read more

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…

read more

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…

read more

Potential Payoffs of Precision Farming

Recent farmdoc daily articles discussed the importance of new technologies to crop agriculture, the value and role of information in the adoption of these technologies, and the adoption of precision agriculture technologies.  In this article, we continue this theme by…

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Management Publication Archives

Farm Economics Facts & Opinions (FEFOs)

Management archives include Farm Economics Facts & Opinions (FEFO) articles. The FEFO series was published from 2000-2010. It is the predecessor to the current Weekly Farm Economics series.

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