Latest in Management
Cash Rents in 2020 and 2021 Projections
The National Agricultural Statistical Service (NASS) recently released state and county rents for 2020. In addition, the Illinois Society of Professional Farm Managers and Rural Appraisers released their projections of 2021 rents on professionally managed farmland. Overall, cash rents did…
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
Cash Rents in 2020 and 2021 Projections
The National Agricultural Statistical Service (NASS) recently released state and county rents for 2020. In addition, the Illinois Society of Professional Farm Managers and Rural Appraisers released their projections of 2021 rents on professionally managed farmland. Overall, cash rents did…
Expected Returns for Wheat in 2021: Wheat-Double-Crop Soybeans Competitive with Corn
As wheat planting season approaches, we evaluate expected returns for crop rotations that include wheat. Given current 2021 grain bids, a combination of wheat and double-crop-soybeans is projected more profitable than either corn or stand-alone-soybeans in southern Illinois. Wheat alone…
Cost Management: Harvest Operations
Combines are the largest cost machinery item on most Midwest grain farms. As such, periodically evaluating whether owning or out-sourcing combining is prudent, particularly at the point where a combine needs replacement. To obtain the lowest costs, newer combines must…
Cutting Fertilizer Rates to Save Costs
Many farmers could experience greater financial returns by reducing fertilizer rates. Many farmers apply nitrogen at rates above those recommended by land grant university research. Moreover, in 2017, UIUC university researchers reduced the long-held guidelines for phosphorus and potassium uptake…
Cost Management: Tillage Operations
Farming is a capital intensive venture with specialized equipment needed for various field operations, including several different implements used for tillage. Machinery ownership and labor can be costly. Two methods for managing tillage costs are to 1) reduce tillage passes…
Cash Rents in 2020 and 2021
State-level cash rents released last week by the National Agricultural Statistical Service (NASS) indicate 2020 cash rents were virtually unchanged from 2019 across states in the Corn Belt. While corn and soybean prices have been lower since 2019, total crop…
Cash Rents in 2020 and 2021 Projections
The National Agricultural Statistical Service (NASS) recently released state and county rents for 2020. In addition, the Illinois Society of Professional Farm Managers and Rural Appraisers released their projections of 2021 rents on professionally managed farmland. Overall, cash rents did…
Expected Returns for Wheat in 2021: Wheat-Double-Crop Soybeans Competitive with Corn
As wheat planting season approaches, we evaluate expected returns for crop rotations that include wheat. Given current 2021 grain bids, a combination of wheat and double-crop-soybeans is projected more profitable than either corn or stand-alone-soybeans in southern Illinois. Wheat alone…
Conventional and Organic Enterprise Net Returns
Due to continued increases in demand for certified organic grains, crop farmers that have transitioned from conventional to certified organic grains report higher net returns per acre. Despite this, certified organic land accounts for less than 2 percent of U.S.…
Cost Management: Harvest Operations
Combines are the largest cost machinery item on most Midwest grain farms. As such, periodically evaluating whether owning or out-sourcing combining is prudent, particularly at the point where a combine needs replacement. To obtain the lowest costs, newer combines must…
Cutting Fertilizer Rates to Save Costs
Many farmers could experience greater financial returns by reducing fertilizer rates. Many farmers apply nitrogen at rates above those recommended by land grant university research. Moreover, in 2017, UIUC university researchers reduced the long-held guidelines for phosphorus and potassium uptake…
Cost Management: Tillage Operations
Farming is a capital intensive venture with specialized equipment needed for various field operations, including several different implements used for tillage. Machinery ownership and labor can be costly. Two methods for managing tillage costs are to 1) reduce tillage passes…