Latest in Management
Direct Costs and Prices on Grain Farms
Over time, per acre input costs on grain farms tend to rise with commodity price increases (see also farmdoc daily, September 17, 2015). In this article, we illustrate this relationship for corn in 1) central Illinois using data from Illinois…
Machinery Cost of Operations Estimates
Machinery Cost Estimates Summary
Field Operations
Harvest Operations
Forage Operations
Illinois Crop Budgets and Historic Returns
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
Direct Costs and Prices on Grain Farms
Over time, per acre input costs on grain farms tend to rise with commodity price increases (see also farmdoc daily, September 17, 2015). In this article, we illustrate this relationship for corn in 1) central Illinois using data from Illinois…
Potential Impact of Estate Tax Changes on Illinois Grain Farms
The Biden administration has expressed interest in raising federal estate taxes by lowering the tax-triggering estate value and increasing estate tax rates. Such proposals were included in recent draft legislation entitled “For the 99.5% Act.” This draft legislation focuses on…
Returns to Alternative Rental Arrangements, Central Illinois, High-Productivity Farmland
Returns and rent levels for cash rent, share rent, and variable cash arrangements are shown for high-productivity farmland in central Illinois. Historically, changes in cash rent levels lag changes in farmland returns. By design, share rent and variable cash rents…
High Corn and Soybean Return Outlook for 2021
The U.S. Department of Agriculture released 2021 corn and soybean supply balance sheets for the first time in the May World Agricultural Supply and Demand Estimates (WASDE) report. In the report, the market year average (MYA) prices for 2021 are…
Chances of Lower Harvest Time Prices on Corn and Soybeans Futures Contracts in 2021
Prices on 2021 harvest-time futures contracts are above $6.00 per bushel for corn and $14.00 per bushel for soybeans, well above most prices since 2013. Some farmers express concerns about price declines. We use a farmdoc web-based tool to arrive…
Crop Insurance Coverage Levels and ECO Use on Corn
Enhanced Coverage Option (ECO) became available as an add-on to a farm-level crop insurance product in 2021. While available for other plans, we focus on Revenue Protection (RP) in this article. Farmers who purchase Revenue Protection (RP) now have the…
Stock-to-Use Ratios of US Corn, Soybeans, and Wheat Since 1960
Stocks are an important market variable. They reflect the balance between supply and demand. High stocks generally mean low prices, and vice versa. US policy toward stocks has changed over time, culminating in the 1996 farm bill eliminating most public…
Estimating Total Crop Acres in the U.S.
The March 31st Prospective Plantings report from the USDA continues to reverberate through the grain markets. The report indicated that both corn and soybean planted acreage was much smaller than expected (farmdoc daily, April 7, 2021). This has prompted considerable…
Direct Costs and Prices on Grain Farms
Over time, per acre input costs on grain farms tend to rise with commodity price increases (see also farmdoc daily, September 17, 2015). In this article, we illustrate this relationship for corn in 1) central Illinois using data from Illinois…
International Benchmarks for Corn Production
Examining the competitiveness of corn production in different regions of the world is often difficult due to lack of comparable data and agreement regarding what needs to be measured. To be useful, international data needs to be expressed in common…
The Weather Risk Premium in New-Crop Corn Futures Prices
As spring planting nears completion in much of the corn belt, attention turns to the weather and its impact on crop yields and prices. Market analysts often speak of a “weather premium” in the futures price for harvest-time delivery (i.e.…
Potential Impact of Estate Tax Changes on Illinois Grain Farms
The Biden administration has expressed interest in raising federal estate taxes by lowering the tax-triggering estate value and increasing estate tax rates. Such proposals were included in recent draft legislation entitled “For the 99.5% Act.” This draft legislation focuses on…
Direct Costs and Prices on Grain Farms
Over time, per acre input costs on grain farms tend to rise with commodity price increases (see also farmdoc daily, September 17, 2015). In this article, we illustrate this relationship for corn in 1) central Illinois using data from Illinois…
International Benchmarks for Corn Production
Examining the competitiveness of corn production in different regions of the world is often difficult due to lack of comparable data and agreement regarding what needs to be measured. To be useful, international data needs to be expressed in common…
Potential Impact of Estate Tax Changes on Illinois Grain Farms
The Biden administration has expressed interest in raising federal estate taxes by lowering the tax-triggering estate value and increasing estate tax rates. Such proposals were included in recent draft legislation entitled “For the 99.5% Act.” This draft legislation focuses on…
American Families Plan Impact on Illinois Grain Farms
President Biden’s American Families Plan introduced in April 2021 includes provisions that would dramatically change the tax code, specifically the changes for basis valuation in appreciated property and taxing capital income as ordinary income with a higher top tax rate.…
Returns to Alternative Rental Arrangements, Central Illinois, High-Productivity Farmland
Returns and rent levels for cash rent, share rent, and variable cash arrangements are shown for high-productivity farmland in central Illinois. Historically, changes in cash rent levels lag changes in farmland returns. By design, share rent and variable cash rents…
Impact of Higher Corn Prices on Cattle Finishing Net Returns
Corn price futures for the July 2021 contract (December 2021 contract) increased from $4.68 per bushel ($4.31 per bushel) in early January to $6.93 ($5.83) for the week ending May 14. Moreover, using the iFarm Price Distribution Tool there was…