Latest in Management
Managing Nitrogen for Corn in 2020
As was the case a year ago, there have been limited opportunities to apply nitrogen fertilizer since last fall. Rainfall in Illinois through the first three weeks of March has been at or above average, and temperatures have been a…
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
What We Know About Income Outlook for Crop Farms Given COVID-19
COVID-19 has reduced grain farm income outlook for 2020. Expected revenue from remaining old crop sales and projected revenue for 2020 are reduced. Somewhat mitigating these reductions are potentially higher payments from commodity title programs. There also is a chance…
2020 Planting Decisions in the Face of COVID-19
Trade conflicts, prevented and late planting, and policy innovations have presented a difficult decision-making environment to farmers over the past several years. The decisions for this spring are now drastically complicated given the rapidly changing situation with the spread of…
Profitability and Acreage Shifts between Corn and Soybeans in Illinois
At its recent Agricultural Outlook Forum, the U.S. Department of Agriculture (USDA) released estimates of 2020 planted acres in the United States, with both corn and soybean acres increasing from 2019 levels. When compared to 2018 plantings, USDA is projecting…
Adjusting NASS County Yields to Estimate 2019 ARC-CO Payments
Last week, USDA’s National Agricultural Statistics Service (NASS) released county yield estimates which we are now using to estimate 2019 ARC-CO payments for corn and soybeans. Recognizing that NASS yield data will not be the primary source of information used…
Multi-farm ARC-IC Tool and Other ARC-IC Information
Agricultural Risk Coverage at the Individual Level (ARC-IC) will make payments in 2019 for farms that are entirely prevented plant or farms with low yields. ARC-IC combines all Farm Service Agency (FSA) farms within a state for one individual payment…
Strategies for Using ARC-IC
Strategies for evaluating Agricultural Risk Coverage at the Individual level (ARC-IC) are discussed in this article given that 2019 farm yields are known and can aid in making decisions. We suggest estimating 2019 ARC-IC payments for each FSA farm and…
Managing Nitrogen for Corn in 2020
As was the case a year ago, there have been limited opportunities to apply nitrogen fertilizer since last fall. Rainfall in Illinois through the first three weeks of March has been at or above average, and temperatures have been a…
How Big Is Nontraditional Finance?
A diverse group of lenders provides credit to U.S. agriculture outside traditional farm lending relationships. As discussed in the first article in our series, nontraditional finance can be a categorized into three groups: high-volume, branchless lenders; vendor finance; and collateral-based…
What We Know About Income Outlook for Crop Farms Given COVID-19
COVID-19 has reduced grain farm income outlook for 2020. Expected revenue from remaining old crop sales and projected revenue for 2020 are reduced. Somewhat mitigating these reductions are potentially higher payments from commodity title programs. There also is a chance…
Fusarium Head Blight in Small Grains
Fusarium head blight (FHB) is an economically important disease affecting small grain production worldwide. The disease is predominantly caused by the fungus Fusarium graminearum in the United States, where infections can decrease yields and impact quality through reducing test weights…
Landowner’s Adjusted Net-Share Rent as a Percent of Crop Returns, a Historic Review
Over time, more farmland leases in Illinois have been shifting from traditional crop share leases to cash leases. In addition, there has been some increase in flexible or variable rent cash leases from fixed cash leases. Variable cash rent leases…
What Makes Nontraditional Finance Nontraditional?
Many recent discussions of “nontraditional finance” focus on alternative sources of credit for financially stressed farms. While this is an important issue facing the farm economy, broader changes to agricultural credit markets are also driving the growth of nontraditional finance.…