Management
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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…
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
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…
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…
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…
The Case for Looking at the ARC-IC (ARC-Individual) Program Option
ARC-IC (Agriculture Risk Coverage – Individual) has received less attention than ARC-CO (ARC – County) and PLC (Price Loss Coverage). ARC-IC is operationally more complex, thus harder to explain and understand. It pays on only 65% of program base acres…
Projected Yield and Revenue Changes from 2018 to 2019 for Corn and Soybeans in the Midwest States
Crop revenue changes from 2018 to 2019 will vary across Midwest states for both corn and soybeans. States in the eastern corn-belt — Illinois, Indiana, and Ohio — likely will have revenue declines because of yield decreases. Western corn-belt states…
Which Program Paid More Under the 2014 Farm Bill: ARC-CO or PLC?
The Farm Service Agency recently released 2018 payment rates for both Agricultural Risk Coverage at the County Level (ARC-CO) and Price Loss Coverage (PLC). With this release, yearly payments for 2014 to 2018 are available so that average payments from…
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…
When Creating 2020 Budgets, Keep in Mind Family Living Costs
In 2018, the total noncapital living expenses of 1,306 farm families enrolled in the Illinois Farm Business Farm Management Association (FBFM) average was $77,999–or $6,500 a month for each family. This average was 2.3 percent lower than in 2017. Another…
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…
The State of Soybean in Africa: Evaluating the Benefits of Implementing Soy-Maize Crop Rotations in Sub-Saharan Africa
Maize is one of the most important crops on the African subcontinent, accounting for over half of daily caloric intake in some regions. However, continuous cropping of maize has led to extensive degradation of soil and decreased crop productivity. The…
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…
Measuring Financial Stress
Financial stress is typically measured using a profitability measure and a solvency measure. For example, profitability could be measured using the operating profit margin ratio and solvency could be measured using the debt to asset ratio. As noted in Langemeier…