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Working Capital to Value of Farm Production – One Measure of Liquidity

This article examines working capital to value of farm production for selected producer characteristics. Working capital to Value of Farm production is one of the traditional measures of liquidity suggested by the Farm Financial Standards Council (FFSC), with others being…

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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 are the Chance of PLC Payments for the 2019 and 2020 Pro-gram Year

Price estimates in the January report of the World Agricultural Supply and Demand Estimate (WASDE) add more clarity to the chance of Price Loss Coverage (PLC) payments for the 2019 marketing year. For 2019, January estimates of the 2019 Market…

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ARC-IC in 2019: Release of a 2019 ARC-IC Payment Calculator

Agricultural Risk Coverage at the Individual Level (ARC-IC) should be considered as a commodity title alternative for 2019 and 2020 in two special cases: 1) if a Farm Service Agency (FSA) farm has all its acres as prevent plant or…

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Decisions Concerning the 2018 Farm Bill and SCO

Decision deadlines are approaching under the 2018 Farm Bill. This article covers deadlines and lists considerations when choosing between the commodity title alternatives of Agricultural Risk Coverage (ARC) and Price Loss Coverage (PLC). Supplemental Coverage Option (SCO) is an insurance…

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Concentration of Illinois Grain Farms

Agricultural census data allows tracking of acres operated by farms of different sizes. We use this data to track grain farm concentration over time. Acres operated by farms with over 2,000 acres has risen from 16.0 percent of Illinois acres…

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Yield Updating Decisions under the 2018 Farm Bill

Landowners will have a one-time yield updating decision under the 2018 Farm Bill: 1) keep the current Price Loss Coverage (PLC) yield that is assigned to a crop on a Farm Service Agency (FSA) farm or 2) update based on…

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Market Facilitation Program (MFP) Payments and 2020 Cash Rents

Market Facilitation Program (MFP) payments have served as a significant source of revenue on grain farms in 2018 and 2019. Without MFP payments, average farmer returns would be negative in 2019, and far below any level since consistent records began…

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Management Articles

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Working Capital to Value of Farm Production – One Measure of Liquidity

This article examines working capital to value of farm production for selected producer characteristics. Working capital to Value of Farm production is one of the traditional measures of liquidity suggested by the Farm Financial Standards Council (FFSC), with others being…

read more

Revision of 2020 Corn and Soybean Budgets

Budgets for 2020 have been revised and are now available on farmdoc. Revised budgets use a corn price of $3.90 per bushel and soybean price of $9.10 per bushel, both of which are an increase in price expectations following what…

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What are the Chance of PLC Payments for the 2019 and 2020 Pro-gram Year

Price estimates in the January report of the World Agricultural Supply and Demand Estimate (WASDE) add more clarity to the chance of Price Loss Coverage (PLC) payments for the 2019 marketing year. For 2019, January estimates of the 2019 Market…

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Cattle Finishing Net Return Prospects for 2020

Fed cattle prices have increased dramatically in the last several weeks. In September, fed cattle prices for steers in Kansas averaged $101.23 per cwt. At the end of 2019, fed cattle prices were $122.00. This increase in fed cattle prices…

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ARC-IC in 2019: Release of a 2019 ARC-IC Payment Calculator

Agricultural Risk Coverage at the Individual Level (ARC-IC) should be considered as a commodity title alternative for 2019 and 2020 in two special cases: 1) if a Farm Service Agency (FSA) farm has all its acres as prevent plant or…

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Nutrient Movement off Frozen and Snow-Covered Soil

Snow has now fallen throughout much of Illinois, and temperatures have dropped going into the last weeks in 2019. With the recent Illinois Nutrient Loss Reduction Strategy biennial report highlighting P and N levels in Illinois waterways, this is a…

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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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