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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…

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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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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…

read more

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…

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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…

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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…

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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…

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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…

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Management Articles

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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…

read more

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…

read more

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.…

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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…

read more

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…

read more

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…

read more

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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