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
Nitrogen Fertilizer Strategies for 2022
Nitrogen fertilizer prices continue to surge, leading to difficult decisions for farmers. Herein, we discuss some strategies for dealing with higher nitrogen fertilizer prices. All these strategies carry risks. Therefore, a number of these strategies have suggestions for mitigating risks.…
Will the Cost to Produce Corn Decrease after 2022?
Consumer costs in the U.S. have been increasing in a widespread incidence of inflation. Consistent with rising costs across many industries, the cost of producing corn will also increase in 2022. Although currently in a period of increasing costs, decreases…
Long-Term Corn and Soybean Use with Implications for Planting Decisions in 2022 and Beyond
Since the mid-1990s, the use of soybeans produced in the U.S. has grown more than corn use, primarily because soybean exports have been a resilient source of growth. Higher growth in soybean use has led to higher relative soybean prices…
Planting and Acreage Decisions in 2022
Compared to 2021, fertilizer costs in 2022 will be about $100 per acre higher for corn and $50 higher for soybeans. Even given the large increase in corn fertilizer costs, corn is projected to be more profitable than soybeans at…
Management Decisions Relative to High Nitrogen Fertilizer Prices
Nitrogen fertilizer prices continue to rise. The average anhydrous ammonia price now is over $1,100 per ton, having increased over $278 per ton in the last two weeks. Overall, these large price increases indicate that 2022 nitrogen application rates should…
2022 Planting Decisions, Nitrogen Fertilizer Prices, and Corn and Soybean Prices
For 2022, planting decisions relative to corn and soybeans are likely more complicated than usual due to rising production costs and uncertainties about commodity and fertilizer prices. Higher priced nitrogen fertilizer, used more heavily on corn acres, will require corn…
Prospects for Swine Feed Costs in 2022
Corn prices and soybean prices were very volatile in 2021. The average corn price in Indiana was $4.32 per bushel in January, increased to $6.32 in June, and will likely be around $5.50 at the end of the year. Average…
Nitrogen Fertilizer Strategies for 2022
Nitrogen fertilizer prices continue to surge, leading to difficult decisions for farmers. Herein, we discuss some strategies for dealing with higher nitrogen fertilizer prices. All these strategies carry risks. Therefore, a number of these strategies have suggestions for mitigating risks.…
Will the Cost to Produce Corn Decrease after 2022?
Consumer costs in the U.S. have been increasing in a widespread incidence of inflation. Consistent with rising costs across many industries, the cost of producing corn will also increase in 2022. Although currently in a period of increasing costs, decreases…
US Dairy Market and Policy Overview
The marked changes in US dairy markets and policy during the late 20th and early 21st centuries are discussed. Correlation analysis suggests current dairy policy provides less protection against declines in net return for the smallest dairy farms. This finding…
Feeder Cattle Production – Are there differences based on the weight purchased?
To help answer the question regarding the differences based on the weight purchased in feeder cattle production, we will look at feeder cattle operations enrolled in Illinois Farm Business Farm Management (FBFM) over a twenty-year period (2001 to 2020). As…
2022 Grain Farm Income Projections Negatively Impacted by Fertilizer Cost Increases
Projected 2022 net incomes on Illinois grain farms are below 2020 and 2021 levels and approaching averages between 2013 and 2019. Rising costs and cash rents lead to these lower incomes, with increasing fertilizer costs having a significant negative impact.…
Prospects for Swine Feed Costs in 2022
Corn prices and soybean prices were very volatile in 2021. The average corn price in Indiana was $4.32 per bushel in January, increased to $6.32 in June, and will likely be around $5.50 at the end of the year. Average…
Nitrogen Fertilizer Strategies for 2022
Nitrogen fertilizer prices continue to surge, leading to difficult decisions for farmers. Herein, we discuss some strategies for dealing with higher nitrogen fertilizer prices. All these strategies carry risks. Therefore, a number of these strategies have suggestions for mitigating risks.…
Will the Cost to Produce Corn Decrease after 2022?
Consumer costs in the U.S. have been increasing in a widespread incidence of inflation. Consistent with rising costs across many industries, the cost of producing corn will also increase in 2022. Although currently in a period of increasing costs, decreases…
Feeder Cattle Production – Are there differences based on the weight purchased?
To help answer the question regarding the differences based on the weight purchased in feeder cattle production, we will look at feeder cattle operations enrolled in Illinois Farm Business Farm Management (FBFM) over a twenty-year period (2001 to 2020). As…
2022 Grain Farm Income Projections Negatively Impacted by Fertilizer Cost Increases
Projected 2022 net incomes on Illinois grain farms are below 2020 and 2021 levels and approaching averages between 2013 and 2019. Rising costs and cash rents lead to these lower incomes, with increasing fertilizer costs having a significant negative impact.…
Long-Term Corn and Soybean Use with Implications for Planting Decisions in 2022 and Beyond
Since the mid-1990s, the use of soybeans produced in the U.S. has grown more than corn use, primarily because soybean exports have been a resilient source of growth. Higher growth in soybean use has led to higher relative soybean prices…