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Making CFAP Applications for Grain Farms

The Coronavirus Food Assistance Program (CFAP) will provide payments to producers of agricultural commodities suffering losses due to the Coronavirus and COVID-19 control measures. Herein, we discuss the CFAP application process, building on general information provided in a May 22,…

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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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Making CFAP Applications for Grain Farms

The Coronavirus Food Assistance Program (CFAP) will provide payments to producers of agricultural commodities suffering losses due to the Coronavirus and COVID-19 control measures. Herein, we discuss the CFAP application process, building on general information provided in a May 22,…

read more

Would Commodity Title Choices Change Given COVID-19?

The Coronavirus pandemic and COVID-19 control measures have resulted in dramatically lower commodity prices, leading to questions about whether commodity program selections would be different after COVID-19. Herein we present an analysis of Price Loss Coverage (PLC) and Agricultural Risk…

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Pandemic Relief Update: Economic Injury Disaster Loan Program

The most recent legislation enacted by Congress for relief during the Covid-19 pandemic has clarified that farmers are eligible for a low interest, non-forgivable loan of up to $150,000. Farmers and other agricultural businesses who apply for the loan can…

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2019 Commodity Title Payments – Updates for Corn and Soybeans with Lower MYA Prices

Expectations for 2019 commodity title payments continue to increase as projections for 2019 market year average prices decline. Herein we provide an update of 2019 commodity title payments for corn and soybeans given these MYA price declines.

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Estimates of MYA Prices for 2019 thorough 2021, Pre and Post COVID-19, Corn and Soybeans

The impact of COVD-19 on cash prices for the 2019 through 2021 marketing years is estimated. These pre and post COVID-19 cash price projections, with revisions as warranted, will serve as a foundation to more formally access the damage done…

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WHIP+: Farm Aid for Losses Due to Natural Disasters

Producers who experienced yield losses due to drought or excess moisture in 2019 may be eligible for disaster assistance through the United States Department of Agriculture (USDA) Wildfires and Hurricane Indemnity Program Plus (WHIP+). For Illinois farmers, WHIP+ may provide…

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Management Articles

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Making CFAP Applications for Grain Farms

The Coronavirus Food Assistance Program (CFAP) will provide payments to producers of agricultural commodities suffering losses due to the Coronavirus and COVID-19 control measures. Herein, we discuss the CFAP application process, building on general information provided in a May 22,…

read more

Would Commodity Title Choices Change Given COVID-19?

The Coronavirus pandemic and COVID-19 control measures have resulted in dramatically lower commodity prices, leading to questions about whether commodity program selections would be different after COVID-19. Herein we present an analysis of Price Loss Coverage (PLC) and Agricultural Risk…

read more

Cost to Produce Corn and Soybeans in Illinois—2019

In 2019, the total of all economic costs per acre for growing corn in Illinois averaged $878 in the northern section, $912 in the central section for farmland with “high” soil ratings, $887 in the central section for farmland with…

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Replanting Corn and Soybeans

Both corn and soybean planting have progressed at about normal rates in Illinois this spring, with 68 percent of the corn crop and 43 percent of the Illinois soybean crop planted by May 10. Both of these numbers are higher…

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Pandemic Relief Update: Economic Injury Disaster Loan Program

The most recent legislation enacted by Congress for relief during the Covid-19 pandemic has clarified that farmers are eligible for a low interest, non-forgivable loan of up to $150,000. Farmers and other agricultural businesses who apply for the loan can…

read more

Impact of COVID-19 on Cattle Finishing Net Returns

COVID-19 has resulted in a dramatic decline in fed cattle prices putting a damper on net return prospects for 2020. In a farmdoc article published in early January, we were expecting net returns to average approximately $40 per head in…

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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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