Management
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International Benchmarks for Soybean Production
Examining the competitiveness of soybean 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…
Machinery Cost of Operations Estimates
Machinery Cost Estimates Summary
Field Operations
Harvest Operations
Forage Operations
Illinois Crop Budgets and Historic Returns
2019 Budgets For All Regions
2018 Budgets For All Regions
Historic Corn, Soybeans, Wheat and Double Crop Soybeans
2017 Budgets For All Regions
2016 Budgets For All Regions
2013 – 2016 Budgets For All Regions
Cost to Produce Corn and Soybeans in Illinois
IL Farmland Leasing and Rental Forms
Crop Share Lease Form – PDF
Fixed Cash Rent Lease Form – Short Form – PDF
Livestock Share Lease Form – PDF
Pasture Lease Form – PDF
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
Corn Price Increases and Prevented Planting
This article documents the very late planting that is occurring in 2019, leading to the prospects of lower yields and higher than normal prevented planting from crop insurance. As a result, one suspects that corn prices will increase. For many…
Late Planting Decisions in 2019
Planting over much of the Midwest is seriously delayed. History suggests the odds have also increased for lower corn yields in 2019 than in 2018, and soybean yields likely will not be exceptional. Lower yields then potentially lead to very…
Crop Insurance Loss Ratios in 2018
Most 2018 payments on Federal crop insurance products have now been entered into the Risk Management Agency’s (RMA’s) record system and losses for 2018 can be stated accurately. Similar to 2016 and 2017, low losses again occurred in 2018. Losses…
One Last Look at 2019 Crop Budgets Before Planting
Hopefully, planting proceeds quickly as weather forecasts suggest drying weather this week. Using up-to-date prices, we take one more look at 2019 corn and soybean budgets before planting commences. Not much has changed since the initial release of 2019 budgets…
Illinois County Soybean Yields: Highest Above-Trend Yields Centered in South-Central and Southern Illinois
Several farmdoc daily articles have documented the exceptional corn and soybean yields occurring in Illinois and the Corn Belt since the 2012 drought. In this article, county soybean yields for Illinois are examined using yield deviations. As described in the…
2018 County Corn and Soybean Yields: Exceptional Yields in Central Illinois and the Eastern United States
On a national basis, corn and soybean yields were near record-breaking levels in 2018, with exceptional yields in central Illinois and the eastern United States contributing heavily to those near-record U.S. yields. Other areas had below-trend yields. The county yields…
International Benchmarks for Soybean Production
Examining the competitiveness of soybean 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…
Corn Price Increases and Prevented Planting
This article documents the very late planting that is occurring in 2019, leading to the prospects of lower yields and higher than normal prevented planting from crop insurance. As a result, one suspects that corn prices will increase. For many…
Managing When Planting Is Delayed
With only 9% of the Illinois corn crop planted by April 28 and with 3 to 5 inches of rain this past week in the northern half of the state, and above normal just about everywhere else, there has been…
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…
Late Planting Decisions in 2019
Planting over much of the Midwest is seriously delayed. History suggests the odds have also increased for lower corn yields in 2019 than in 2018, and soybean yields likely will not be exceptional. Lower yields then potentially lead to very…
Assessing Procurement and Marketing Skills
As farms continue to consolidate it becomes increasingly important to assess a farm’s management skills. At a certain farm size, it is no longer easy or feasible for the manager or managers to wear every management hat. How does the…