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Projected Net Incomes on Illinois Grain Farms in 2019 and 2020

Due to lower corn and soybean yields, 2019 net farm incomes on Illinois grain farms are projected to decline more than $80,000 per farm from 2018 levels. The low yields are partially offset by higher corn and soybean prices and…

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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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IL 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…
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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…
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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…
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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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Projected Net Incomes on Illinois Grain Farms in 2019 and 2020

Due to lower corn and soybean yields, 2019 net farm incomes on Illinois grain farms are projected to decline more than $80,000 per farm from 2018 levels. The low yields are partially offset by higher corn and soybean prices and…

read more

Cost and Returns from Different Nitrogen Application Timing in Illinois

Overall returns on Illinois grain farms are projected to be much lower in 2019 than recent years, resulting in more consumer about managing input costs. Fertilizer, seed, and pesticide costs represent a large portion of the total cost of producing…

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Release of 2018 Farm Bill What-If Tool

The 2018 Farm Bill What-If Tool has been released. This Microsoft Excel spreadsheet will estimate Price Loss Coverage (PLC) and Agricultural Risk Coverage at the county level (ARC-CO) for specific prices and yields that a user enters. Currently, the tool…

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The Case for Looking at the ARC-IC (ARC-Individual) Program Option

ARC-IC (Agriculture Risk Coverage – Individual) has received less attention than ARC-CO (ARC – County) and PLC (Price Loss Coverage). ARC-IC is operationally more complex, thus harder to explain and understand. It pays on only 65% of program base acres…

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Projected Yield and Revenue Changes from 2018 to 2019 for Corn and Soybeans in the Midwest States

Crop revenue changes from 2018 to 2019 will vary across Midwest states for both corn and soybeans. States in the eastern corn-belt — Illinois, Indiana, and Ohio — likely will have revenue declines because of yield decreases. Western corn-belt states…

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Which Program Paid More Under the 2014 Farm Bill: ARC-CO or PLC?

The Farm Service Agency recently released 2018 payment rates for both Agricultural Risk Coverage at the County Level (ARC-CO) and Price Loss Coverage (PLC). With this release, yearly payments for 2014 to 2018 are available so that average payments from…

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Management Articles

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Projected Net Incomes on Illinois Grain Farms in 2019 and 2020

Due to lower corn and soybean yields, 2019 net farm incomes on Illinois grain farms are projected to decline more than $80,000 per farm from 2018 levels. The low yields are partially offset by higher corn and soybean prices and…

read more

When Creating 2020 Budgets, Keep in Mind Family Living Costs

In 2018, the total noncapital living expenses of 1,306 farm families enrolled in the Illinois Farm Business Farm Management Association (FBFM) average was $77,999–or $6,500 a month for each family. This average was 2.3 percent lower than in 2017.  Another…

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Cost and Returns from Different Nitrogen Application Timing in Illinois

Overall returns on Illinois grain farms are projected to be much lower in 2019 than recent years, resulting in more consumer about managing input costs. Fertilizer, seed, and pesticide costs represent a large portion of the total cost of producing…

read more

The State of Soybean in Africa: Evaluating the Benefits of Implementing Soy-Maize Crop Rotations in Sub-Saharan Africa

Maize is one of the most important crops on the African subcontinent, accounting for over half of daily caloric intake in some regions. However, continuous cropping of maize has led to extensive degradation of soil and decreased crop productivity. The…

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Release of 2018 Farm Bill What-If Tool

The 2018 Farm Bill What-If Tool has been released. This Microsoft Excel spreadsheet will estimate Price Loss Coverage (PLC) and Agricultural Risk Coverage at the county level (ARC-CO) for specific prices and yields that a user enters. Currently, the tool…

read more

Measuring Financial Stress

Financial stress is typically measured using a profitability measure and a solvency measure. For example, profitability could be measured using the operating profit margin ratio and solvency could be measured using the debt to asset ratio. As noted in Langemeier…

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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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