skip to Main Content

Latest in Management

Characteristics of Higher Profit Farms – 2011 through 2020

Data from the Illinois Farm Business Farm Management Association (FBFM) for 2011 through 2020 was used to analyze selected differences between the highest profit grain farms (high one-third) and the lower profit grain farms (low one-third). The analysis was done…

read more

Illinois Farm Management Handbook

Machinery Cost of Operations Estimates

Machinery Cost Estimates Summary

Summary of costs for Field Operations, Havest Operations, Tractor and Forage Operations.
Get the Report

Field Operations

This publication shows estimated costs of performing agricultural field operations.
Get the Report

Harvest Operations

This publication shows estimated costs for combining, using grain carts, and hauling grain.
Get the Report

Tractor Costs

Shows estimated costs for different sized tractors
Get the Report

Forage Operations

This publication shows estimated costs for owning and operating forage machinery.
Get the Report

Illinois Crop Budgets and Historic Returns

2017 Budgets For All Regions

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

2016 Budgets For All Regions

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

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.
Get the Report

Cost to Produce Corn and Soybeans in Illinois

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

Illinois Farmland Leasing and Rental Forms

Farmland Leasing Facts Sheets and Pricing Information

Cash Rent Leasing Fact Sheet

Facts on Cash Rent leases.
Get the Report

Share Rent Leasing Fact Sheet

Facts on Crop Share leases.
Get the Report

Variable Cash Rent Leasing Fact Sheet

Summary of statistical data on variable case rent leases in Illinois.
Get the Report

Illinois County Average Cash Rents (NASS)

Get the Report

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.
Get the Report

Credit Reports and Consumer Credit Scoring

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.
Get the Report

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.
Get the Report

Farm Income and Production Cost Summary

This report summarizes farm income and earnings for FBFM enrolled farms for 2012-2016.
Get the Report

Farm and Family Living Income and Expenses

Summary of annual capital and noncapital family living expenditures and income and social security tax payments.
Get the Report

Cost to Produce Beef in Illinois

Report with summary of cost to produce beef in Illinois.
Get the Report

Cost to Produce Milk in Illinois

Report with summary of cost to produce milk in Illinois.
Get the Report

Weekly Farm Economics

View All

Chances of Lower Harvest Revenues for Corn and Soybeans in 2021

The harvest-time futures contracts for corn and soybeans continue to trade at levels well above those experienced since 2013. In a recent article, we used the farmdoc Price Discovery Tool to illustrate downside price risk based on market-based assessments at…

read more

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…

read more

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…

read more

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…

read more

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…

read more

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…

read more

Precision Conservation Management (PCM)

View All

Characteristics of Higher Profit Farms – 2011 through 2020

Data from the Illinois Farm Business Farm Management Association (FBFM) for 2011 through 2020 was used to analyze selected differences between the highest profit grain farms (high one-third) and the lower profit grain farms (low one-third). The analysis was done…

read more

Chances of Lower Harvest Revenues for Corn and Soybeans in 2021

The harvest-time futures contracts for corn and soybeans continue to trade at levels well above those experienced since 2013. In a recent article, we used the farmdoc Price Discovery Tool to illustrate downside price risk based on market-based assessments at…

read more

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…

read more

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…

read more

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…

read more

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…

read more

Management Articles

View All

Characteristics of Higher Profit Farms – 2011 through 2020

Data from the Illinois Farm Business Farm Management Association (FBFM) for 2011 through 2020 was used to analyze selected differences between the highest profit grain farms (high one-third) and the lower profit grain farms (low one-third). The analysis was done…

read more

Chances of Lower Harvest Revenues for Corn and Soybeans in 2021

The harvest-time futures contracts for corn and soybeans continue to trade at levels well above those experienced since 2013. In a recent article, we used the farmdoc Price Discovery Tool to illustrate downside price risk based on market-based assessments at…

read more

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…

read more

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…

read more

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…

read more

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.…

read more

Management Publication Archives

Farm Economics Facts & Opinions (FEFOs)

Management archives include Farm Economics Facts & Opinions (FEFO) articles. The FEFO series was published from 2000-2010. It is the predecessor to the current Weekly Farm Economics series.

go to FEFO archive
Back To Top