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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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Machinery Economics

Analyzes the cost of completing fieldwork and generates machinery costs.

Illinois Crop Budgets and Historic Returns

2023 Budgets For All Regions

This publication presents crop budgets for three regions in Illinois: northern, central, and southern Illinois. Central Illinois is further divided…

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2021 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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Projected Wheat Double-Crop Soybean Profitability in 2023

In the August version of the 2023 Illinois Crop Budgets, wheat plus double-crop soybean is projected to be much more profitable than stand-alone corn and stand-alone soybeans in southern Illinois.…

April Update to 2022 Crop Budgets: Projected Profits Even with Record Costs

Illinois crop budgets for 2022 have been revised from their December release (farmdoc daily, December 7, 2021). Projected costs have been raised for 2022, and corn and soybean costs are…

2022 Break-Even Prices for Corn and Soybeans

Break-even prices to cover total costs for 2022 are projected at $4.73 per bushel for corn and $11.06 per bushel for soybeans. Compared to historical levels, these break-even prices are…

2022 Updated Crop Budgets

Illinois crop budgets for 2022 have been revised from their initial release in July. Significant changes from the initial release are increased corn prices, soybean prices, and non-land costs.  The…

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Historic Crop Budgets

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…

2020 Cost to Produce Corn and Soybeans in Illinois

The total of all economic costs per acre for growing corn and soybeans in Illinois.

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.

2017 Budgets For All Regions

This publication presents crop budgets for three regions in Illinois: northern, central, and southern Illinois.

2016 Budgets For All Regions

This publication presents crop budgets for three regions in Illinois: northern, central, and southern Illinois.

Illinois Rental Fact Sheets

Share Rent Leasing Fact Sheet

Facts on Crop Share leases.
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Cash Rent Leasing Fact Sheet

Facts on Cash Rent 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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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

Credit reports and scores are being used for many decisions such as credit determination and pricing; insurance pricing; government licenses; and employment.   It is important for you to check your reports to identify errors and detect fraud. It is also important to check your report to become an informed consumer of information being used to make decisions about you.
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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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Commodity Title Alternatives

January 11, 2022

Farmers will again have until March 15 to make commodity title program selections. Given the current high prices, commodity title payments are not expected from any program option...

December 12, 2018

On Monday December 10, 2018, the House and Senate conference committee released the conference report for the Agriculture Improvement Act of 2018...

September 24, 2019

Farmers and landowners can now decide whether to receive commodity title payments from either Agricultural Risk Coverage at the county...

September 17, 2019

Farmers and landowners can now make the decision between farm programs, receiving commodity title payments...

November 5, 2019

The 2018 Farm Bill What-If Tool has been released (click here to download). This Microsoft Excel spreadsheet will estimate Price Loss Coverage (PLC) and Agricultural Risk Coverage at the county level...

October 29, 2019

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...

January 7, 2020

Agricultural Risk Coverage at the Individual Level (ARC-IC) should be considered as a commodity title alternative for 2019 and 2020 in two special cases...

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The Gardner Payment Calculator provides estimates of expected payments and likelihood of payments for ARC-CO and PLC.  Payment estimates are provided for the program years from 2019 to 2023.  Users can select the state, county, and crop combination that they wish to consider.

If you are having trouble registering please view the faq or watch the video below.

This program calculates Agricultural Risk Coverage for County Coverage (ARC-CO), Price Loss Coverage (PLC) payments, and ARC at the Individual Level (ARC-IC). County yields and market year average (MYA) prices are brought in for a user-specified state-county-crop combination. Users then can change 2018 through 2020 county yields and prices to see ARC-CO and PLC payments under those yields and prices.

As an alternative to the executable tool you can download the spreadsheet here.

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farmdoc Daily: 2018 Farm Bill Articles

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Mulling Over Margin, Part 2: the “Elusive” Cost of Production

In policy, definitions matter. As part of a forthcoming Farm Bill, Congress may consider changes to farm programs to incorporate margins, expected to be defined as the difference between a…

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A 2022 Review of the Farm Bill: Economic Perspectives on Title I Commodities

Note: This article is based on testimony given before the House Agricultural Committee Subcommittee on General Farm Commodities and Risk Management on June 9, 2022. Full video of the committee…

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Reviewing the Latest CBO Farm Bill Baseline

Last week the Congressional Budget Office released its ten-year estimates for the mandatory farm bill programs for Commodities (Title I), Conservation (Title II), the Supplemental Nutrition Assistance Program (SNAP, Title…

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Mapping the Farm Bill: Reviewing the CRP; Law, Land & History

[vc_row][vc_column][vc_column_text]The Agricultural Improvement Act of 2018 is scheduled to expire in the 2023 calendar, crop, and fiscal years, initiating the reauthorization process on the legislative calendar.  At this early stage…

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2021 Corn and Soybean Yields: Implications for Crop Insurance and Commodity Title payments

The National Agriculture Statistics Service (NASS) recently released county yields. NASS county yields are not the same yields that will be used to calculate Agriculture Risk Coverage at the county…

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The 2022 PLC and ARC Decision

Farmers will again have until March 15 to make commodity title program selections. Given the current high prices, commodity title payments are not expected from any program option for the…

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IFES 2021: Policy Update for 2022

Net farm income in the U.S. reached nearly $95 billion in 2020 and is projected at nearly $117 billion for 2021 after averaging just under $76 billion from 2015 to…

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Pandemic Assistance to Illinois Agricultural Producers in 2020 from the Coronavirus Food Assistance Program (CFAP) and the Paycheck Protection Program (PPP)

In response to market disruptions and economic harm caused by the Coronavirus (COVID-19) pandemic, the U.S. federal government initiated a series of relief programs for U.S. consumers and businesses, including…

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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…

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Using farmdoc Tools to Make the ARC-CO and PLC Decisions

Two tools are available on the farmdoc website for evaluating Commodity title choices faced by farmers.  The first is the 2018 Farm Bill What-If Tool, a Microsoft Excel spreadsheet that…

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Release of the 2018 Farm Bill What-If Tool for 2021 Decisions

For the 2021 cropping year, farmers can change their Agricultural Risk Coverage (ARC) and Price Loss Coverage (PLC) choices from the selections made for the 2019 and 2020 crop years.…

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Reviewing USDA Revisions to the Payment Limitation and Eligibility Rules

On Monday, August 24, 2020, USDA implemented changes to the payment limitation and eligibility rules for federal farm payments enacted by Congress in the 2018 farm bill. The revisions were…

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