Latest in Management
Debt Financing and Timing Farmland Purchases
Farmland returns have averaged around 10%, particularly when holding periods exceed 20 years. Even given this 10% average return, financing farmland is difficult because capital gains make up a large portion of total return. There is little reason to expect…
Machinery Cost of Operations Estimates
Machinery Cost Estimates Summary
Field Operations
Harvest Operations
Forage Operations
Illinois Crop Budgets and Historic Returns
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…
Revenue and Costs for Illinois Grain Crops
Shows historical cost for the last 5 years and projections for next year. Table gives results for corn, soybeans, wheat,…
2021 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 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
2017 Budgets For All Regions
2016 Budgets For All Regions
2013 – 2016 Budgets For All Regions
Cost to Produce Corn and Soybeans in Illinois
Illinois 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
October 31 is “Notice” Deadline for Many Farm Leases
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
Debt Financing and Timing Farmland Purchases
Farmland returns have averaged around 10%, particularly when holding periods exceed 20 years. Even given this 10% average return, financing farmland is difficult because capital gains make up a large portion of total return. There is little reason to expect…
WASDE 2021 Price Projections in Historical Perspective
The Office of the Chief Economist of the U.S. Department of Agriculture recently revised 2021 market year average (MYA) price projections to $5.45 per bushel for corn and $12.90 per bushel for soybeans. For both corn and soybeans, the 2021…
Information on 2021 Cash Rents with Implications for 2022
All public information that will be useful in making 2022 cash rents is now available. The National Agricultural Statistics Service (NASS) recently released state and county rents for 2021. In addition, the Illinois Society of Professional Farm Managers and Rural…
Higher Wheat Crop Insurance Premiums and the 2022 Crop Insurance Decision Tool
The 2022 Crop Insurance Decision Tool is now available to quote premiums for 2022 wheat policies. In Illinois and much of the Midwest, the deadline for changing wheat policies is September 30. Wheat premiums likely will be much higher than…
Stress Test of 2022 Crop Returns
Illinois Crop Budgets for 2022 corn and soybeans were released in July (see farmdoc Daily, July 27, 2021). Positive returns are projected for both crops given a $4.25 corn price and $12.00 soybean price, both of which are significantly above…
Cash Rents Rise in 2021 with Implications for 2022
The U.S. Department of Agriculture released 2021 state-level cash rents. The average cash rent in Illinois was $227 per acre, a $5 increase over 2020 levels. Over time, cash rents typically follow agricultural returns in a lagged manner. Higher returns…
Unexpectedly Lower Inventories and Steady to Lower Demand
The USDA’s September Hogs and Pigs report places the September 1 inventory of all hogs and pigs at 75.4 million head, up about 1.3% from last quarter but down 3.9% from last year and well below the pre-report expected range…
Brazil Starts Planting Grain Crop with Forecast of a New Record
Farmers in Brazil began planting in September for what is expected to be a recording-breaking 2021-2022 harvest. The first projection from CONAB (National Supply Company in Brazil) projects farmers will produce 289.6 million tons of soybeans, corn, cotton, rice, and…
Debt Financing and Timing Farmland Purchases
Farmland returns have averaged around 10%, particularly when holding periods exceed 20 years. Even given this 10% average return, financing farmland is difficult because capital gains make up a large portion of total return. There is little reason to expect…
Comparing Machinery Values on Illinois Grain Farms
Not only has machinery values been increasing over time, so has the size of farms. This study compares machinery values on Illinois grain farms enrolled in Illinois Farm Business Farm Management Association (FBFM) for years 2010 and 2020. We also…
Evaluating Impact of House Ways & Means Proposal for Tax Changes
New details for a potential $3.5 trillion spending and tax package were released by the House Ways & Means Committee on Monday September 13, 2021, including a proposal for funding new policies advanced by Democrats. This package includes proposals for…
WASDE 2021 Price Projections in Historical Perspective
The Office of the Chief Economist of the U.S. Department of Agriculture recently revised 2021 market year average (MYA) price projections to $5.45 per bushel for corn and $12.90 per bushel for soybeans. For both corn and soybeans, the 2021…
Debt Financing and Timing Farmland Purchases
Farmland returns have averaged around 10%, particularly when holding periods exceed 20 years. Even given this 10% average return, financing farmland is difficult because capital gains make up a large portion of total return. There is little reason to expect…
Comparing Machinery Values on Illinois Grain Farms
Not only has machinery values been increasing over time, so has the size of farms. This study compares machinery values on Illinois grain farms enrolled in Illinois Farm Business Farm Management Association (FBFM) for years 2010 and 2020. We also…
WASDE 2021 Price Projections in Historical Perspective
The Office of the Chief Economist of the U.S. Department of Agriculture recently revised 2021 market year average (MYA) price projections to $5.45 per bushel for corn and $12.90 per bushel for soybeans. For both corn and soybeans, the 2021…
Information on 2021 Cash Rents with Implications for 2022
All public information that will be useful in making 2022 cash rents is now available. The National Agricultural Statistics Service (NASS) recently released state and county rents for 2021. In addition, the Illinois Society of Professional Farm Managers and Rural…
Comparisons of Net Returns for Crop Share Leases and a Fixed Cash Rent Lease
A recent farmdoc daily article (August 6, 2021) used a case farm in west central Indiana to illustrate net returns to land derived from crop share, fixed cash rent, and flexible cash lease arrangements. This article updates net return projections…
Higher Wheat Crop Insurance Premiums and the 2022 Crop Insurance Decision Tool
The 2022 Crop Insurance Decision Tool is now available to quote premiums for 2022 wheat policies. In Illinois and much of the Midwest, the deadline for changing wheat policies is September 30. Wheat premiums likely will be much higher than…