Latest in Management
Prevented Plant Impacts on 2019 Illinois Grain Farms Incomes
In 2019, many farmers in Illinois had prevented plant (PP) acres, acres that couldn’t be planted due to excessive moisture throughout the planting season. Previous analyses indicated that taking PP was an economically better alternative than planting. Even given its…
Machinery Cost of Operations Estimates
Machinery Cost Estimates Summary
Field Operations
Harvest Operations
Forage Operations
Illinois Crop Budgets and Historic Returns
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
Historic Corn, Soybeans, Wheat and Double Crop Soybeans
2017 Budgets For All Regions
2016 Budgets For All Regions
2013 – 2016 Budgets For All Regions
Cost to Produce Corn and Soybeans in Illinois
IL 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
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
Prevented Plant Impacts on 2019 Illinois Grain Farms Incomes
In 2019, many farmers in Illinois had prevented plant (PP) acres, acres that couldn’t be planted due to excessive moisture throughout the planting season. Previous analyses indicated that taking PP was an economically better alternative than planting. Even given its…
Declines in 2020 Corn and Soybeans Harvest-time Futures Contracts in Perspective
On June 29, the settlement prices were $3.35 per bushel for the December corn contract on the Chicago Mercantile Exchange (CME) and $8.61 per bushel on the November CME soybean contract. These settlement prices suggest harvest-time prices near mid-2000 levels,…
Expected Harvest Prices for Corn in 2020
We developed a statistical model that projects the 2020 harvest price for corn, given a national corn yield and average of May futures prices. The harvest price is used in crop insurance. The current U.S. yield estimate from the U.S.…
MFP and CFAP Payments, Corn and Soybean Uses, and Future Farm Profitability
Federal aid in the form of Market Facilitation Program (MFP) and Coronavirus Food Assistance Program (CFAP) payments have increased returns and the financial stability of grain farms in 2018, 2019, and likely in 2020. However, corn and soybean returns have…
Prevent Plant 2020
Some Illinois corn acres are still unplanted due to wet weather. The final plant date for crop insurance has passed for extreme southern Illinois (May 28) and is rapidly approaching for the rest of Illinois (June 5). After the final…
Making CFAP Applications for Grain Farms
The Coronavirus Food Assistance Program (CFAP) will provide payments to producers of agricultural commodities suffering losses due to the Coronavirus and COVID-19 control measures. Herein, we discuss the CFAP application process, building on general information provided in a May 22,…
Prevented Plant Impacts on 2019 Illinois Grain Farms Incomes
In 2019, many farmers in Illinois had prevented plant (PP) acres, acres that couldn’t be planted due to excessive moisture throughout the planting season. Previous analyses indicated that taking PP was an economically better alternative than planting. Even given its…
Comparison of a Conventional Crop Rotation with an Organic Forage-Based Crop Rotation
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 (McBride et al., 2015; Greene et al., 2017; Greene and Vilorio, 2018; Center…
Declines in 2020 Corn and Soybeans Harvest-time Futures Contracts in Perspective
On June 29, the settlement prices were $3.35 per bushel for the December corn contract on the Chicago Mercantile Exchange (CME) and $8.61 per bushel on the November CME soybean contract. These settlement prices suggest harvest-time prices near mid-2000 levels,…
Tradeoff between Short-Term and Long-Term Risk Management Tools: New Study Shows that Crop Insurance May Hinder Agricultural Innovations in Drought-Tolerant Technologies
A few studies show that the United States in the first two decades of the 21st century was much drier than normal, and part of the country perhaps is entering a ‘megadrought’ period that has not been seen since late…
2019 and 2015 through 2019 – Characteristics of Higher Profit Farms
Data from the Illinois Farm Business Farm Management Association (FBFM) for 2015 through 2019 was used to analyze selected differences between the highest profit grain farms (high one-third) and the lower profit grain farms (low one-third). The analysis was done…