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Consumer Preferences and the Meatless Meat Industry

Introduction In the U.S. and Western Europe, agri-food systems are changing in response to consumer preferences for foods that appear to be healthier and better for the welfare of animals and the environment. The past twenty years have seen an…

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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

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…

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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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Illinois 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 Illinois Farm Business Farm Management (FBFM) Association.
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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 Farm Business Farm Management (FBFM) Association.
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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 Farm Business Farm Management (FBFM) Association.
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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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2022 Crop Budgets Contain Higher Costs

Non-land costs for 2022 corn and soybean production are projected to be at all-time highs. Despite these high costs, corn and soybean production is projected to be profitable in 2022 because projected prices are considerably higher than average prices from…

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Impacts of Rental Arrangements on Cover Crop and Conservation Practice Adoption

Cover crops reduce nitrogen effluent in water and increase soil carbon over time, thereby providing environmental benefits, which may also translate into longer-term economic benefits. However, the costs associated with cover crops in the initial years usually exceed benefits accruing…

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Conservation and Farmland Tenure on Illinois Grain Farms

Most grain farms in Illinois over 500 acres rent most of their land base.  Moreover, the majority of rented farmland is controlled by larger acreage farms.  In 2017, farms of over 1,000 acres farmed 60% of rented farmland, with one-third…

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Historical Relationships Suggest Rising Corn Seed Costs for 2022

Seed costs for corn have trended up over time. Genetic improvements and biotechnology use in hybrids have led to higher yields, contributing to the general increases in seed prices and per acre seed costs. Seed costs also are positively associated…

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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…

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Chances of Lower Harvest Revenues for Corn and Soybeans in 2021

The harvest-time futures contracts for corn and soybeans continue to trade at levels well above those experienced since 2013. In a recent article, we used the farmdoc Price Discovery Tool to illustrate downside price risk based on market-based assessments at…

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Precision Conservation Management (PCM)

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Consumer Preferences and the Meatless Meat Industry

Introduction In the U.S. and Western Europe, agri-food systems are changing in response to consumer preferences for foods that appear to be healthier and better for the welfare of animals and the environment. The past twenty years have seen an…

read more

2022 Crop Budgets Contain Higher Costs

Non-land costs for 2022 corn and soybean production are projected to be at all-time highs. Despite these high costs, corn and soybean production is projected to be profitable in 2022 because projected prices are considerably higher than average prices from…

read more

A Somewhat Smaller than Expected Cattle Herd

The U.S. cattle herd appears to continue its second consecutive year of decline within its typically decade long period of expansion and contraction. Currently, there are about 5.5% more beef cows in the U.S. than during the last low point…

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Overview of the Meatless Meat Industry

Introduction The emergent “meatless meat” industry has sparked interest among consumers, investors, farmers, and meat companies alike. The question many are asking is, to what extent will meatless meat replace animal meat in the American diet?  This first installment of…

read more

International Benchmarks for Wheat Production

Examining the competitiveness of wheat 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…

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Timeline of a Rare Series of Disruptive Events for United States Agriculture

A rare series of disruptive occurrences over the last three years has contributed to volatility in agricultural exports and markets. The roller-coaster patterns of United States agricultural exports and corn and soybean prices in that time is tracked with concurrent…

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Management Articles

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Consumer Preferences and the Meatless Meat Industry

Introduction In the U.S. and Western Europe, agri-food systems are changing in response to consumer preferences for foods that appear to be healthier and better for the welfare of animals and the environment. The past twenty years have seen an…

read more

2022 Crop Budgets Contain Higher Costs

Non-land costs for 2022 corn and soybean production are projected to be at all-time highs. Despite these high costs, corn and soybean production is projected to be profitable in 2022 because projected prices are considerably higher than average prices from…

read more

Overview of the Meatless Meat Industry

Introduction The emergent “meatless meat” industry has sparked interest among consumers, investors, farmers, and meat companies alike. The question many are asking is, to what extent will meatless meat replace animal meat in the American diet?  This first installment of…

read more

International Benchmarks for Wheat Production

Examining the competitiveness of wheat 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…

read more

How High Are Current Prices and Costs?

Data from the National Agricultural Statistics Service (NASS) and Illinois Farm Business Farm Management Association (FBFM) for 1972 through 2020 was used to look at the prices Illinois farms received for grain compared to total economic costs when adjusted for…

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Impacts of Rental Arrangements on Cover Crop and Conservation Practice Adoption

Cover crops reduce nitrogen effluent in water and increase soil carbon over time, thereby providing environmental benefits, which may also translate into longer-term economic benefits. However, the costs associated with cover crops in the initial years usually exceed benefits accruing…

read more

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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