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Corn and Soybean Crops Move Towards the Finish Line

After the worst start to a cropping season in decades due to the wet spring, lack of rain in parts of Illinois since early July , and season-long low crop ratings, it’s time to take a look at what comes…

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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.
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Field Operations

This publication shows estimated costs of performing agricultural field operations.
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Harvest Operations

This publication shows estimated costs for combining, using grain carts, and hauling grain.
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Tractor Costs

Shows estimated costs for different sized tractors
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Forage Operations

This publication shows estimated costs for owning and operating forage machinery.
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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.
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2016 Budgets For All Regions

This publication presents crop budgets for three regions in Illinois: northern, central, and southern Illinois.
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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.
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Cost to Produce Corn and Soybeans in Illinois

The total of all economic costs per acre for growing corn and soybeans in Illinois.
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IL Farmland Leasing and Rental Forms

Farmland Leasing Facts Sheets and Pricing Information

Cash Rent Leasing Fact Sheet

Facts on Cash Rent leases.
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Share Rent Leasing Fact Sheet

Facts on Crop Share leases.
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Variable Cash Rent Leasing Fact Sheet

Summary of statistical data on variable case rent leases in Illinois.
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Illinois County Average Cash Rents (NASS)

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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…
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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…
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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…
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Farm Income and Production Cost Summary

This report summarizes farm income and earnings for FBFM enrolled farms for 2012-2016.
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Farm and Family Living Income and Expenses

Summary of annual capital and noncapital family living expenditures and income and social security tax payments.
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Cost to Produce Beef in Illinois

Report with summary of cost to produce beef in Illinois.
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Cost to Produce Milk in Illinois

Report with summary of cost to produce milk in Illinois.
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Weekly Farm Economics

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Weekly Farm Economics: The Agricultural Risk Coverage — County Level (ARC-CO) Option in the 2018 Farm Bill

Farmers and landowners can now make the decision between farm programs, receiving commodity title payments from either Agricultural Risk Coverage at the county level (ARC-CO) or Price Loss Coverage (PLC) for each covered commodity with base acres on the farm;…

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Farm Management in farmdoc

This is the fifth in a series of articles celebrating the 20th anniversary of farmdoc. A list of all nine articles in the series and authors can be found at the end of this article.  It was the best of…

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Introducing the Gardner-farmdoc Payment Calculator

The Agriculture Improvement Act of 2018 (the 2018 Farm Bill) made revisions to the basic farm payment programs, Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC). With this article, the Gardner Agriculture Policy Program and the farmdoc project, with…

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Adverse Corn and Soybean Price Scenarios for 2020 and 2021

Prospects are that soybean prices will continue to be low over the next several years, leading to a period of lower farm incomes.  Even given those prospects, prices could go even lower causing more financial stress to develop.  Herein, we…

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Machinery Cost Estimates for 2019

Machinery cost estimates for agricultural uses have been updated for 2019. The last time machinery costs were released on farmdoc was in 2017. Between 2017 and 2019, most per acre costs increased between 7 and 9 percent.

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The 2019 Market Facilitation Program

The U.S. Department of Agriculture has released payment rates and additional details for the 2019 Market Facilitation Program (MFP). Compared to 2018, the 2019 MFP will pay on more crops and have higher payment rates per acre. Payment limits are…

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Management Articles

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Corn and Soybean Crops Move Towards the Finish Line

After the worst start to a cropping season in decades due to the wet spring, lack of rain in parts of Illinois since early July , and season-long low crop ratings, it’s time to take a look at what comes…

read more

Weekly Farm Economics: The Agricultural Risk Coverage — County Level (ARC-CO) Option in the 2018 Farm Bill

Farmers and landowners can now make the decision between farm programs, receiving commodity title payments from either Agricultural Risk Coverage at the county level (ARC-CO) or Price Loss Coverage (PLC) for each covered commodity with base acres on the farm;…

read more

Law and Taxation: A Retrospective of 20 Years

In many respects, the development of law is an evolutionary process, adjusting slowly to the evolving needs and values of society.  Certainty and stability with respect to property rights, regulatory programs and the tax structure provide a solid foundation for…

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Farm Management in farmdoc

This is the fifth in a series of articles celebrating the 20th anniversary of farmdoc. A list of all nine articles in the series and authors can be found at the end of this article.  It was the best of…

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The State of Soybean in Africa: Soybean Prices

Obtaining soybean price data at either the farm gate or wholesale levels remains elusive in Sub-Saharan Africa because markets are immature, the crop is new, and data collection is relatively costly. Additionally, regional within-country price data are especially hard to…

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The State of Soybean in Africa: Soybean Costs of Production

We discuss in Goldsmith and Montesdeoca (2017) the productivity of soybean systems in the tropics. Tropical soybean yield and profitability can compare favorably to the production systems of the temperate Midwest US and the sub tropics of southern Brazil and…

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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.

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