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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
Revenue Protection: The Most Used Crop Insurance Product
There has been a great deal of innovation in the crop insurance industry since the early 1990s. New products have been introduced, subsidy rates have been increased, and farmers have increased crop insurance use. We summarize trends in crop insurance…
USDA’s Long-Run Forecasts of Corn, Soybean, and Wheat Prices
Last week, the U.S. Department of Agriculture (USDA) released its baseline projections providing ten-year estimates of supply and demand factors impacting U.S. agriculture. These projections suggest long-run prices of $3.55 per bushel for corn, $9.80 per bushel for soybeans, and…
Revised 2021 Crop Budgets Lead to Higher 2021 Return Projections
The 2021 Crop Budgets have been revised from the original August release. Corn and soybean prices have been increased in revised budgets, leading to higher corn and soybean return projections for 2021. In most years, soybeans have been more profitable…
Understanding FSA Yields Used to Calculate 2019 ARC-CO Payments
The Farm Service Agency (FSA) released 2019 county yields used in calculating 2019 Agricultural Risk Coverage at the county level (ARC-CO) payments. The primary data source for calculating FSA yields is now crop insurance data from the Risk Management Agency…
Acreage Shifts in Illinois
Acreage decisions in Illinois are coming into focus for the 2021 planting year. Corn, soybeans, and wheat are the predominant crops in Illinois. Historic acreages in Illinois suggests that an increase in soybean acres will come with a reduction in…
Revenue Protection: The Most Used Crop Insurance Product
There has been a great deal of innovation in the crop insurance industry since the early 1990s. New products have been introduced, subsidy rates have been increased, and farmers have increased crop insurance use. We summarize trends in crop insurance…
Corn Tarspot in 2020
Corn tarspot, caused by the obligate fungal pathogen Phyllachora maydis, caused significant losses for many producers in 2018. If you recall, that season was characterized by persistent wet weather from August through September in many parts of the Midwest. This…
USDA’s Long-Run Forecasts of Corn, Soybean, and Wheat Prices
Last week, the U.S. Department of Agriculture (USDA) released its baseline projections providing ten-year estimates of supply and demand factors impacting U.S. agriculture. These projections suggest long-run prices of $3.55 per bushel for corn, $9.80 per bushel for soybeans, and…
Differences in Working Capital among Farms
A recent article by Langemeier and Featherstone (2020) examined the trends in liquidity for a sample of Kansas farms. Liquidity, measured using the current ratio, has declined substantially since its peak in 2013. The percentage of farms with a current…
Prevalence of Corn and Soybeans across the Midwest
Relative acres of corn and soybeans vary across Illinois. Northern Illinois has more corn than soybeans acres and southern Illinois has more soybean than corn acres (see farmdoc daily, October 13, 2020). We provide more information on corn relative to…