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Concentration of Illinois Grain Farms

Agricultural census data allows tracking of acres operated by farms of different sizes. We use this data to track grain farm concentration over time. Acres operated by farms with over 2,000 acres has risen from 16.0 percent of Illinois acres…

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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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Concentration of Illinois Grain Farms

Agricultural census data allows tracking of acres operated by farms of different sizes. We use this data to track grain farm concentration over time. Acres operated by farms with over 2,000 acres has risen from 16.0 percent of Illinois acres…

read more

Yield Updating Decisions under the 2018 Farm Bill

Landowners will have a one-time yield updating decision under the 2018 Farm Bill: 1) keep the current Price Loss Coverage (PLC) yield that is assigned to a crop on a Farm Service Agency (FSA) farm or 2) update based on…

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Market Facilitation Program (MFP) Payments and 2020 Cash Rents

Market Facilitation Program (MFP) payments have served as a significant source of revenue on grain farms in 2018 and 2019. Without MFP payments, average farmer returns would be negative in 2019, and far below any level since consistent records began…

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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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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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Management Articles

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Concentration of Illinois Grain Farms

Agricultural census data allows tracking of acres operated by farms of different sizes. We use this data to track grain farm concentration over time. Acres operated by farms with over 2,000 acres has risen from 16.0 percent of Illinois acres…

read more

Late and Very Late Planting in 2019: a Request for Yields from Illinois Fields

The record-late planting of corn and soybeans in Illinois in 2019 provides a unique opportunity to try to get a handle on how planting date affected yields. The idea is to help us know better what to expect, and how…

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Yield Updating Decisions under the 2018 Farm Bill

Landowners will have a one-time yield updating decision under the 2018 Farm Bill: 1) keep the current Price Loss Coverage (PLC) yield that is assigned to a crop on a Farm Service Agency (FSA) farm or 2) update based on…

read more

Wet Grain, Test Weight, and Late Corn Harvest

According to NASS, 20 percent—some 2 million acres—of the 2019 Illinois corn crop was still in the field on November 17. Following unprecedented delays in planting, the warm weather in September helped move the crop towards maturity, and frost did…

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Market Facilitation Program (MFP) Payments and 2020 Cash Rents

Market Facilitation Program (MFP) payments have served as a significant source of revenue on grain farms in 2018 and 2019. Without MFP payments, average farmer returns would be negative in 2019, and far below any level since consistent records began…

read more

The State of Soybean in Africa: Soybean Yield in Africa

African producers supply less than 1% of the world’s soybeans. Worldwide production of soybean has grown at a compound annual growth rate (CAGR) of 4.68% since 1961, while African production levels are rising 48% faster at a rate of 6.84%…

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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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