Management

Cost of Operations

Machinery Cost of Operations Estimates

Machinery Cost Estimates Summary

October 11, 2021
Summary of costs for Field Operations, Havest Operations, Tractor and Forage Operations.
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Field Operations

October 11, 2021
This publication shows estimated costs of performing agricultural field operations.
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Harvest Operations

October 11, 2021
This publication shows estimated costs for combining, using grain carts, and hauling grain.
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Tractor Costs

October 11, 2021
Shows estimated costs for different sized tractors
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Forage Operations

October 11, 2021
This publication shows estimated costs for owning and operating forage machinery.
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Computing Machinery Ownership Costs
November 5, 2021
Benchmarking Crop Machinery Cost and Investment
October 29, 2021
Machinery Cost Estimates for 2021
October 12, 2021
Comparing Machinery Values on Illinois Grain Farms
September 17, 2021

Machinery Economics

October 21, 2021
Analyzes the cost of completing fieldwork and generates machinery costs.

Crop Budgets

Illinois Crop Budgets and Historic Returns

2022 Budgets For All Regions

December 7, 2021

This publication presents crop budgets for three regions in Illinois: northern, central, and southern Illinois. Central Illinois is further divided…

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Revenue and Costs for Illinois Grain Crops

December 7, 2021

Shows historical cost for the last 5 years and projections for next year. Table gives results for corn, soybeans, wheat,…

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2021 Budgets For All Regions

January 26, 2021

This publication presents crop budgets for three regions in Illinois: northern, central, and southern Illinois. Central Illinois is further divided…

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Farm Projection Tool

July 20, 2021

This program calculates per-acre budgets for different crops and a whole farm budget and includes breakevens. Projected financial statements and…

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2022 Break-Even Prices for Corn and Soybeans
December 21, 2021

Break-even prices to cover total costs for 2022 are projected at $4.73 per bushel for corn and $11.06 per bushel for soybeans. Compared to historical levels, these break-even prices are very high. While current fall bids are above break-even levels,…

2022 Updated Crop Budgets
December 7, 2021

Illinois crop budgets for 2022 have been revised from their initial release in July. Significant changes from the initial release are increased corn prices, soybean prices, and non-land costs.  The cost with the largest increase is fertilizer. Total costs will…

When Creating 2022 Crop Budgets, Keep in Mind Family Living Costs
October 15, 2021

In 2020, the total noncapital living expenses of 1,088 farm families enrolled in the Illinois Farm Business Farm Management Association (FBFM) averaged $76,672–or about $6,400 a month for each family (Figure 1). This average was about 2.8 percent lower than…

2022 Crop Budgets Contain Higher Costs
July 27, 2021

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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Historic Crop Budgets

2021 Budgets For All Regions

January 26, 2021

This publication presents crop budgets for three regions in Illinois: northern, central, and southern Illinois. Central Illinois is further divided…

2020 Budgets For All Regions

April 7, 2020

This publication presents crop budgets for three regions in Illinois: northern, central, and southern Illinois. Central Illinois is further divided…

2019 Budgets For All Regions

July 15, 2019
This publication presents crop budgets for three regions in Illinois: northern, central, and southern Illinois.

2018 Budgets For All Regions

February 12, 2018
This publication presents crop budgets for three regions in Illinois: northern, central, and southern Illinois.

2017 Budgets For All Regions

July 25, 2017
This publication presents crop budgets for three regions in Illinois: northern, central, and southern Illinois.

2016 Budgets For All Regions

June 2, 2016
This publication presents crop budgets for three regions in Illinois: northern, central, and southern Illinois.

2013 – 2016 Budgets For All Regions

February 18, 2019
This provides summary cost of production budgets for corn and soybeans. Results are included for all regions in Illinois.

Cost to Produce Corn and Soybeans in Illinois

April 16, 2021
The total of all economic costs per acre for growing corn and soybeans in Illinois.

Leasing Forms

Illinois Farmland Leasing and Rental Forms

Crop Share Lease Form – PDF

May 19, 2006
The lease form represents a basic model for an agricultural lease. The parties to the lease or their legal counsel may wish to consider modifications to better meet the needs of the particular landowner or tenant. Form is fillable PDF format.
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Livestock Share Lease Form – PDF

February 8, 2005
The lease form represents a basic model for an agricultural lease. The parties to the lease or their legal counsel may wish to consider modifications to better meet the needs of the particular landowner or tenant. Form is fillable PDF format.
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Fixed Cash Rent Lease Form – Short Form – PDF

May 19, 2006
The lease form represents a basic model for an agricultural lease. The parties to the lease or their legal counsel may wish to consider modifications to better meet the needs of the particular landowner or tenant. Form is fillable PDF format.
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Pasture Lease Form – PDF

February 8, 2005
The lease form represents a basic model for an agricultural lease. The parties to the lease or their legal counsel may wish to consider modifications to better meet the needs of the particular landowner or tenant. Form is fillable PDF format.
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Illinois Cash Farm Lease Form – PDF

October 8, 2019

The lease form represents a basic model for an agricultural lease. The parties to the lease or their legal counsel…

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Conservation Habitat Addendum – PDF

September 26, 2019
This addendum can be used for either the Illinois Fixed Cash Lease Form or Illinois Crop-Share Farm Lease, or any other lease.
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Nutrient Management Addendum – PDF

September 26, 2019
This addendum can be used for either the Illinois Fixed Cash Lease Form or Illinois Crop-Share Farm Lease, or any other lease.
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Soil Health and Conservation Addendum – PDF

September 26, 2019
This addendum can be used for either the Illinois Fixed Cash Lease Form or Illinois Crop-Share Farm Lease, or any other lease.
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October 31 is “Notice” Deadline for Many Farm Leases

June 1, 2006
This short article discusses Illinois law regarding the termination of year to year tenancies of farmland, including the notice content, timing, and delivery methods described in the Illinois Compiled Statutes.
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Land and Leasing Facts

Farmland Leasing Facts Sheets and Pricing Information

Cash Rent Leasing Fact Sheet

April 4, 2017
Facts on Cash Rent leases.
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Share Rent Leasing Fact Sheet

April 4, 2017
Facts on Crop Share leases.
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Variable Cash Rent Leasing Fact Sheet

April 4, 2017
Summary of statistical data on variable case rent leases in Illinois.
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Illinois County Average Cash Rents (NASS)

September 1, 2018
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Index Numbers of Illinois Farmland Values

August 16, 2021
Summary of index numbers for Illinois farmland values.
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Finance

Finance

Financial Characteritics of Illinois Farms

September 1, 2017
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

April 1, 2017
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

Whole Farm and Other Reports

Summary of Illinois Farm Business Records

September 1, 2018
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

April 26, 2019
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

October 15, 2021
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

December 13, 2016
Report with summary of cost to produce beef in Illinois.
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Cost to Produce Milk in Illinois

December 17, 2021
Report with summary of cost to produce milk in Illinois.
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