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Release of the 2021 Crop Insurance Decision Tool

The 2021 Crop Insurance Decision Tool has been released to aid in crop insurance decisions. It is a Microsoft Excel workbook that can be downloaded from farmdoc. One sheet in this workbook provides farmer-paid premiums for different federally-regulated policies administered…

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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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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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Release of the 2021 Crop Insurance Decision Tool

The 2021 Crop Insurance Decision Tool has been released to aid in crop insurance decisions. It is a Microsoft Excel workbook that can be downloaded from farmdoc. One sheet in this workbook provides farmer-paid premiums for different federally-regulated policies administered…

read more

Cost Management: Interest Rates & Refinancing

An increase in cash prices for corn and soybeans brightens the outlook for Illinois farm income in 2021, but continued uncertainty in the economy and market factors means careful farm budgeting is still important. As always, cost management is key…

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Average Corn and Soybean Yields Across the Midwest

Corn and soybean yields for the years from 2015 to 2019 are shown for Crop Reporting Districts (CRDs) in the Midwest. Also reported are corn-to-soybean yield ratios. Overall, corn-to-soybean yield ratios tend to be higher in the western corn belt…

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Payment Examples Under Enhanced Coverage Option

We provide payment examples for Enhanced Coverage Option (ECO) to aid in understanding of the new crop insurance option. We also show 2021 expected county yields for corn and soybeans in Illinois. This article continues a series of articles on…

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Years in Which Enhance Coverage Option Pays

Previous articles on Enhanced Coverage Option (ECO) provide a description of the product, evaluate the size of premiums, and give historical frequencies of payments. Herein we illustrate the years in which ECO and Supplemental Coverage Option (SCO) will make payments…

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Premiums for the Enhanced Coverage Option

Enhanced Coverage Option (ECO) will be available for the first time in 2021. With ECO, purchasers of Revenue Protection (RP) or other COMBO products can extend county-level coverage up to a 90% or 95% coverage level. This article shows preliminary…

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Management Articles

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Release of the 2021 Crop Insurance Decision Tool

The 2021 Crop Insurance Decision Tool has been released to aid in crop insurance decisions. It is a Microsoft Excel workbook that can be downloaded from farmdoc. One sheet in this workbook provides farmer-paid premiums for different federally-regulated policies administered…

read more

What Changes Are in the New Stimulus Bill That Affect Farmers?

On December 27, 2020, the Consolidated Appropriations Act (CAA) of 2021 was signed into law. There were many items in this legislation that affected farmers. There were changes to the Paycheck Protection Program (PPP), Economic Injury Disaster Loan (EIDL) advance…

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Cost Management: Interest Rates & Refinancing

An increase in cash prices for corn and soybeans brightens the outlook for Illinois farm income in 2021, but continued uncertainty in the economy and market factors means careful farm budgeting is still important. As always, cost management is key…

read more

Cattle Finishing Net Returns Prospects for 2021

COVID-19 and fluctuating fed cattle and feed prices resulted in another challenging year for cattle finishers. An earlier article examined net returns for the first nine months of 2020. This article updates feeding cost of gain, breakeven prices, and net…

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Average Corn and Soybean Yields Across the Midwest

Corn and soybean yields for the years from 2015 to 2019 are shown for Crop Reporting Districts (CRDs) in the Midwest. Also reported are corn-to-soybean yield ratios. Overall, corn-to-soybean yield ratios tend to be higher in the western corn belt…

read more

Soybean Gall Midge: An Insect We Happily Did Not Find in Illinois During 2020

It’s not here yet, but there’s a new soybean pest approaching on the distant western horizon. Illinois entomologists were part of a project to survey for it in Illinois during the 2020 growing season.

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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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