Latest in Management
Consumer Preferences and the Meatless Meat Industry
Introduction In the U.S. and Western Europe, agri-food systems are changing in response to consumer preferences for foods that appear to be healthier and better for the welfare of animals and the environment. The past twenty years have seen an…
Machinery Cost of Operations Estimates
Machinery Cost Estimates Summary
Field Operations
Harvest Operations
Forage Operations
Illinois Crop Budgets and Historic Returns
2022 Budgets For All Regions
This publication presents crop budgets for three regions in Illinois: northern, central, and southern Illinois. Central Illinois is further divided…
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
2022 Crop Budgets Contain Higher Costs
Non-land costs for 2022 corn and soybean production are projected to be at all-time highs. Despite these high costs, corn and soybean production is projected to be profitable in 2022 because projected prices are considerably higher than average prices from…
Impacts of Rental Arrangements on Cover Crop and Conservation Practice Adoption
Cover crops reduce nitrogen effluent in water and increase soil carbon over time, thereby providing environmental benefits, which may also translate into longer-term economic benefits. However, the costs associated with cover crops in the initial years usually exceed benefits accruing…
Conservation and Farmland Tenure on Illinois Grain Farms
Most grain farms in Illinois over 500 acres rent most of their land base. Moreover, the majority of rented farmland is controlled by larger acreage farms. In 2017, farms of over 1,000 acres farmed 60% of rented farmland, with one-third…
Historical Relationships Suggest Rising Corn Seed Costs for 2022
Seed costs for corn have trended up over time. Genetic improvements and biotechnology use in hybrids have led to higher yields, contributing to the general increases in seed prices and per acre seed costs. Seed costs also are positively associated…
Projected 2020 Commodity Title Payments
Given increases in prices since the late summer of 2020, commodity title payments for the 2020 marketing year will be limited. Price Loss Coverage (PLC) payments are not projected for corn and soybeans. Agriculture Risk Coverage at the county level…
Chances of Lower Harvest Revenues for Corn and Soybeans in 2021
The harvest-time futures contracts for corn and soybeans continue to trade at levels well above those experienced since 2013. In a recent article, we used the farmdoc Price Discovery Tool to illustrate downside price risk based on market-based assessments at…
Consumer Preferences and the Meatless Meat Industry
Introduction In the U.S. and Western Europe, agri-food systems are changing in response to consumer preferences for foods that appear to be healthier and better for the welfare of animals and the environment. The past twenty years have seen an…
2022 Crop Budgets Contain Higher Costs
Non-land costs for 2022 corn and soybean production are projected to be at all-time highs. Despite these high costs, corn and soybean production is projected to be profitable in 2022 because projected prices are considerably higher than average prices from…
A Somewhat Smaller than Expected Cattle Herd
The U.S. cattle herd appears to continue its second consecutive year of decline within its typically decade long period of expansion and contraction. Currently, there are about 5.5% more beef cows in the U.S. than during the last low point…
Overview of the Meatless Meat Industry
Introduction The emergent “meatless meat” industry has sparked interest among consumers, investors, farmers, and meat companies alike. The question many are asking is, to what extent will meatless meat replace animal meat in the American diet? This first installment of…
International Benchmarks for Wheat Production
Examining the competitiveness of wheat production in different regions of the world is often difficult due to lack of comparable data and agreement regarding what needs to be measured. To be useful, international data needs to be expressed in common…
Timeline of a Rare Series of Disruptive Events for United States Agriculture
A rare series of disruptive occurrences over the last three years has contributed to volatility in agricultural exports and markets. The roller-coaster patterns of United States agricultural exports and corn and soybean prices in that time is tracked with concurrent…
Consumer Preferences and the Meatless Meat Industry
Introduction In the U.S. and Western Europe, agri-food systems are changing in response to consumer preferences for foods that appear to be healthier and better for the welfare of animals and the environment. The past twenty years have seen an…
2022 Crop Budgets Contain Higher Costs
Non-land costs for 2022 corn and soybean production are projected to be at all-time highs. Despite these high costs, corn and soybean production is projected to be profitable in 2022 because projected prices are considerably higher than average prices from…
Overview of the Meatless Meat Industry
Introduction The emergent “meatless meat” industry has sparked interest among consumers, investors, farmers, and meat companies alike. The question many are asking is, to what extent will meatless meat replace animal meat in the American diet? This first installment of…
International Benchmarks for Wheat Production
Examining the competitiveness of wheat production in different regions of the world is often difficult due to lack of comparable data and agreement regarding what needs to be measured. To be useful, international data needs to be expressed in common…
How High Are Current Prices and Costs?
Data from the National Agricultural Statistics Service (NASS) and Illinois Farm Business Farm Management Association (FBFM) for 1972 through 2020 was used to look at the prices Illinois farms received for grain compared to total economic costs when adjusted for…
Impacts of Rental Arrangements on Cover Crop and Conservation Practice Adoption
Cover crops reduce nitrogen effluent in water and increase soil carbon over time, thereby providing environmental benefits, which may also translate into longer-term economic benefits. However, the costs associated with cover crops in the initial years usually exceed benefits accruing…