Machinery Cost of Operations Estimates
Machinery Cost Estimates Summary
Field Operations
Harvest Operations
Forage Operations
Machinery Economics
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 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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Farm Projection Tool
This program calculates per-acre budgets for different crops and a whole farm budget and includes breakevens. Projected financial statements and…
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Illinois crop budgets for 2022 have been revised from their December release (farmdoc daily, December 7, 2021). Projected costs have been raised for 2022, and corn and soybean costs are at their highest in history. Positive farmer returns are still…
Break-even prices to cover total costs for 2022 are projected at $4.73 per bushel for corn and $11.06 per bushel for soybeans. Compared to historical levels, these break-even prices are very high. While current fall bids are above break-even levels,…
Illinois crop budgets for 2022 have been revised from their initial release in July. Significant changes from the initial release are increased corn prices, soybean prices, and non-land costs. The cost with the largest increase is fertilizer. Total costs will…
In 2020, the total noncapital living expenses of 1,088 farm families enrolled in the Illinois Farm Business Farm Management Association (FBFM) averaged $76,672–or about $6,400 a month for each family (Figure 1). This average was about 2.8 percent lower than…
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Historic Crop Budgets
2020 Cost to Produce Corn and Soybeans in Illinois
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
2013 – 2016 Budgets For All Regions
2018 Budgets For All Regions
2017 Budgets For All Regions
2016 Budgets For All Regions
Illinois Rental Fact Sheets
September 7, 2021
August 10, 2021
Variable Cash Rent Leasing Fact Sheet
Index Numbers of Illinois Farmland Values
Related Tools
Farm Projection Tool
This program calculates per-acre budgets for different crops and a whole farm budget and includes breakevens. Projected financial statements and…
Related Articles - View All
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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
Commodity Title Alternatives
January 11, 2022
Farmers will again have until March 15 to make commodity title program selections. Given the current high prices, commodity title payments are not expected from any program option...
December 12, 2018
On Monday December 10, 2018, the House and Senate conference committee released the conference report for the Agriculture Improvement Act of 2018...
September 24, 2019
Farmers and landowners can now decide whether to receive commodity title payments from either Agricultural Risk Coverage at the county...
September 17, 2019
Farmers and landowners can now make the decision between farm programs, receiving commodity title payments...
November 5, 2019
The 2018 Farm Bill What-If Tool has been released (click here to download). This Microsoft Excel spreadsheet will estimate Price Loss Coverage (PLC) and Agricultural Risk Coverage at the county level...
October 29, 2019
ARC-IC (Agriculture Risk Coverage – Individual) has received less attention than ARC-CO (ARC – County) and PLC (Price Loss Coverage). ARC-IC is operationally more complex...
January 7, 2020
Agricultural Risk Coverage at the Individual Level (ARC-IC) should be considered as a commodity title alternative for 2019 and 2020 in two special cases...
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The Gardner Payment Calculator provides estimates of expected payments and likelihood of payments for ARC-CO and PLC. Payment estimates are provided for the program years from 2019 to 2023. Users can select the state, county, and crop combination that they wish to consider.
If you are having trouble registering please view the faq or watch the video below.
This program calculates Agricultural Risk Coverage for County Coverage (ARC-CO), Price Loss Coverage (PLC) payments, and ARC at the Individual Level (ARC-IC). County yields and market year average (MYA) prices are brought in for a user-specified state-county-crop combination. Users then can change 2018 through 2020 county yields and prices to see ARC-CO and PLC payments under those yields and prices.
As an alternative to the executable tool you can download the spreadsheet here.
Related Videos
A 2022 Review of the Farm Bill: Economic Perspectives on Title I Commodities
Note: This article is based on testimony given before the House Agricultural Committee Subcommittee on General Farm Commodities and Risk Management on June 9, 2022. Full video of the committee hearing can be found here. Changes in commodity prices related…
Reviewing the Latest CBO Farm Bill Baseline
Last week the Congressional Budget Office released its ten-year estimates for the mandatory farm bill programs for Commodities (Title I), Conservation (Title II), the Supplemental Nutrition Assistance Program (SNAP, Title IV) and Crop Insurance (CBO May 2022). The Agricultural Improvement…
Mapping the Farm Bill: Reviewing the CRP; Law, Land & History
[vc_row][vc_column][vc_column_text]The Agricultural Improvement Act of 2018 is scheduled to expire in the 2023 calendar, crop, and fiscal years, initiating the reauthorization process on the legislative calendar. At this early stage vast uncertainties exist about the directions of, and prospects for,…
2021 Corn and Soybean Yields: Implications for Crop Insurance and Commodity Title payments
The National Agriculture Statistics Service (NASS) recently released county yields. NASS county yields are not the same yields that will be used to calculate Agriculture Risk Coverage at the county level (ARC-CO) payments, or to determine indemnities from the Supplemental…
The 2022 PLC and ARC Decision
Farmers will again have until March 15 to make commodity title program selections. Given the current high prices, commodity title payments are not expected from any program option for the 2022 marketing year. If a change in conditions resulted in…
IFES 2021: Policy Update for 2022
Net farm income in the U.S. reached nearly $95 billion in 2020 and is projected at nearly $117 billion for 2021 after averaging just under $76 billion from 2015 to 2019. The share of farm income coming from government payments…
Pandemic Assistance to Illinois Agricultural Producers in 2020 from the Coronavirus Food Assistance Program (CFAP) and the Paycheck Protection Program (PPP)
In response to market disruptions and economic harm caused by the Coronavirus (COVID-19) pandemic, the U.S. federal government initiated a series of relief programs for U.S. consumers and businesses, including farmers and ranchers. Of these programs, the two rounds of…
Projected 2020 Commodity Title Payments
Given increases in prices since the late summer of 2020, commodity title payments for the 2020 marketing year will be limited. Price Loss Coverage (PLC) payments are not projected for corn and soybeans. Agriculture Risk Coverage at the county level…
Using farmdoc Tools to Make the ARC-CO and PLC Decisions
Two tools are available on the farmdoc website for evaluating Commodity title choices faced by farmers. The first is the 2018 Farm Bill What-If Tool, a Microsoft Excel spreadsheet that calculates payments under differing price and yield scenarios. The second…
Release of the 2018 Farm Bill What-If Tool for 2021 Decisions
For the 2021 cropping year, farmers can change their Agricultural Risk Coverage (ARC) and Price Loss Coverage (PLC) choices from the selections made for the 2019 and 2020 crop years. We have revised the 2018 Farm Bill What-If Tool to…
Reviewing USDA Revisions to the Payment Limitation and Eligibility Rules
On Monday, August 24, 2020, USDA implemented changes to the payment limitation and eligibility rules for federal farm payments enacted by Congress in the 2018 farm bill. The revisions were published in the Federal Register. This article reviews the latest…
Production Controls & Set Aside Acres, Part 1: Reviewing History
Low prices, trade conflict and a global pandemic are producing a potential perfect storm of problems for the farm economy that a flood of federal payments is unlikely to address. Whispered comments and quietly tentative questions about production controls and…