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Assessing Risk Management 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…

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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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Prevent Plant Decisions in Early to Middle of June

Many unplanted acres remain across the Corn Belt and in Illinois. As of the week ending on June 9, only 73% of the intended corn acres and 49% of the soybean acres have been planted in Illinois (Planting Progress, June…

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The Advisability of Planting Corn Declines Rapidly with Later Planting Dates

June 5 is the final planting date for corn in most of Illinois, Indiana, and Ohio. After that date, farmers can decide to plant corn or take a prevented planting payment for fields or partial fields they intended to plant…

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Prevented Planting, 2019 Market Facilitation Program Payments, Disaster Assistance, and Price Dynamics

We stand at a point of extreme price and policy uncertainty.  In the Midwest, corn planting is historically late and many acres are or soon will be eligible for prevented planting payments on corn crop insurance policies.  On many farms,…

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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…

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Prevented Planting Decision for Corn in the Midwest

Continued wet weather and saturated soils over much of the Midwest suggests that many farmers will be facing decisions on whether to take prevented planting.  Prevented planting is available for those individuals purchasing the Common Crop Insurance (COMBO) product. Once…

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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…

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Management Articles

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Assessing Risk Management 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…

read more

Prevent Plant Decisions in Early to Middle of June

Many unplanted acres remain across the Corn Belt and in Illinois. As of the week ending on June 9, only 73% of the intended corn acres and 49% of the soybean acres have been planted in Illinois (Planting Progress, June…

read more

The 2019 Nitrogen Challenge

One of the most pressing questions as planting continues into June after a very wet May is whether or not the high rainfall amounts over the past month have affected the amount of nitrogen fertilizer needed for the corn crop…

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The Advisability of Planting Corn Declines Rapidly with Later Planting Dates

June 5 is the final planting date for corn in most of Illinois, Indiana, and Ohio. After that date, farmers can decide to plant corn or take a prevented planting payment for fields or partial fields they intended to plant…

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 consensus regarding what needs to be measured. To be useful, international data needs to be expressed in common…

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Prevented Planting, 2019 Market Facilitation Program Payments, Disaster Assistance, and Price Dynamics

We stand at a point of extreme price and policy uncertainty.  In the Midwest, corn planting is historically late and many acres are or soon will be eligible for prevented planting payments on corn crop insurance policies.  On many farms,…

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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