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Managing Nitrogen for Corn in 2020

As was the case a year ago, there have been limited opportunities to apply nitrogen fertilizer since last fall. Rainfall in Illinois through the first three weeks of March has been at or above average, and temperatures have been a…

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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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What We Know About Income Outlook for Crop Farms Given COVID-19

COVID-19 has reduced grain farm income outlook for 2020. Expected revenue from remaining old crop sales and projected revenue for 2020 are reduced. Somewhat mitigating these reductions are potentially higher payments from commodity title programs. There also is a chance…

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2020 Planting Decisions in the Face of COVID-19

Trade conflicts, prevented and late planting, and policy innovations have presented a difficult decision-making environment to farmers over the past several years. The decisions for this spring are now drastically complicated given the rapidly changing situation with the spread of…

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Profitability and Acreage Shifts between Corn and Soybeans in Illinois

At its recent Agricultural Outlook Forum, the U.S. Department of Agriculture (USDA) released estimates of 2020 planted acres in the United States, with both corn and soybean acres increasing from 2019 levels. When compared to 2018 plantings, USDA is projecting…

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Adjusting NASS County Yields to Estimate 2019 ARC-CO Payments

Last week, USDA’s National Agricultural Statistics Service (NASS) released county yield estimates which we are now using to estimate 2019 ARC-CO payments for corn and soybeans. Recognizing that NASS yield data will not be the primary source of information used…

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Multi-farm ARC-IC Tool and Other ARC-IC Information

Agricultural Risk Coverage at the Individual Level (ARC-IC) will make payments in 2019 for farms that are entirely prevented plant or farms with low yields. ARC-IC combines all Farm Service Agency (FSA) farms within a state for one individual payment…

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Strategies for Using ARC-IC

Strategies for evaluating Agricultural Risk Coverage at the Individual level (ARC-IC) are discussed in this article given that 2019 farm yields are known and can aid in making decisions. We suggest estimating 2019 ARC-IC payments for each FSA farm and…

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Management Articles

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Managing Nitrogen for Corn in 2020

As was the case a year ago, there have been limited opportunities to apply nitrogen fertilizer since last fall. Rainfall in Illinois through the first three weeks of March has been at or above average, and temperatures have been a…

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How Big Is Nontraditional Finance?

A diverse group of lenders provides credit to U.S. agriculture outside traditional farm lending relationships. As discussed in the first article in our series, nontraditional finance can be a categorized into three groups: high-volume, branchless lenders; vendor finance; and collateral-based…

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What We Know About Income Outlook for Crop Farms Given COVID-19

COVID-19 has reduced grain farm income outlook for 2020. Expected revenue from remaining old crop sales and projected revenue for 2020 are reduced. Somewhat mitigating these reductions are potentially higher payments from commodity title programs. There also is a chance…

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Fusarium Head Blight in Small Grains

Fusarium head blight (FHB) is an economically important disease affecting small grain production worldwide. The disease is predominantly caused by the fungus Fusarium graminearum in the United States, where infections can decrease yields and impact quality through reducing test weights…

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Landowner’s Adjusted Net-Share Rent as a Percent of Crop Returns, a Historic Review

Over time, more farmland leases in Illinois have been shifting from traditional crop share leases to cash leases. In addition, there has been some increase in flexible or variable rent cash leases from fixed cash leases. Variable cash rent leases…

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What Makes Nontraditional Finance Nontraditional?

Many recent discussions of “nontraditional finance” focus on alternative sources of credit for financially stressed farms. While this is an important issue facing the farm economy, broader changes to agricultural credit markets are also driving the growth of nontraditional finance.…

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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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