Farm Economics Facts & Opinions (FEFO) Archive • farmdoc

2000 • 2001 • 2002 • 2003 • 2004 • 2005 • 2006 • 2007 • 2008 • 2009 • 2010

2000

November 21, 2000 - Grain Farm Incomes In 2000 And Prospects For 2001
December 5, 2000 - Production Costs for Corn and Soybeans Projected to Rise in 2001
December 19, 2000 - Government Payments To Illinois Grain Farms

2001

January 2, 2001 - Year End Record Closing and Farm Analysis Considerations
January 16, 2001 - Deferred Taxes – A Financial Consideration
February 7, 2001 - 2001 Farmland Assessed Values Decrease for All Soil Types
February 20, 2001 - Crop Insurance and Marketing Decisions
March 6, 2001 - Tools for Making Crop Insurance Decisions
March 20, 2001 - Do You Really Need to Know Production Costs?
April 3, 2001 - 2000 Farm Income Results Show Improvement
April 5, 2001 - A Switch to Soybean Acres In Illinois?
April 17, 2001 - Per Acre Machinery Costs on Illinois Grain Farms
May 2, 2001 - Costs to Produce Corn and Soybeans in Illinois — 2000
May 17, 2001 - Risks, Pre-Harvest Hedging, and Crop Insurance
June 8, 2001 - Farm and Family Living Income and Expenses for 2000
June 21, 2001 - Costs and Grain Farm Size
July 8, 2001 - High/Low One-Third Grain Farm Comparison
July 21, 2001 - Do Some Farms Consistently Have High Profits?
August 14, 2001 - Hog Producers Enjoy Profitable Times
August 17, 2001 - Net Farm Income on Grain Farms Projected Down in 2001
September 7, 2001 - Dairy Returns Fall in 2000
September 25, 2001 - Farm Bill 2002: Income Impacts of House Ag. Committee’s Proposal
October 9, 2001 - Perspectives on Farmland Leasing
October 19, 2001 - Costs and Returns for Illinois Beef Production in 2000
November 12, 2001 - Benchmark Machinery Values on Grain Farms
November 29, 2001 - Corn As A Non-Ethanol Fuel Source
December 6, 2001 - Landlord Returns from Illinois Farmland
December 17, 2001 - New Spreadsheet Tool for Machinery Economics

2002

January 15, 2002 - Revenue and Variable Costs for Corn and Soybeans
January 31, 2002 - Analyzing Your Farm Business
February 8, 2002 - 2002 IFARM Premium Calculator
February 22, 2002 - 2002 Crop Insurance Decisions
March 11, 2002 - 2002 IFARM Insurance Evaluator
March 27, 2002 - Study Show Drop In 2001 Farm Incomes
April 11, 2002 - Average Prices Received for Corn and Soybeans, 1995 Through 2001
April 17, 2002 - Cost to Produce Corn and Soybeans in Illinois–2001
May 2, 2002 - Farm and Family Living Income and Expenses for 2001
June 5, 2002 - Updating Acres and Yields Under the 2002 Farm Bill
June 14, 2002 - Farm Program Payment Comparisons under the 1996 and 2002 Farm Bill
July 17, 2002 - 2002 Farm Bill Payment Limitations
July 24, 2002 - Corn and Bean Acreage in Illinois Under The 2002 Farm Bill
August 6, 2002 - Hog Production Profitable in 2001, Red Ink on the Way
August 30, 2002 - Options for Determining Base Acres Under the 2002 Farm Bill
September 23, 2002 - Crop Rotations in 2003: More Wheat and Corn?
September 30, 2002 - Cash Flows Tight on Many Grain Farms Because of Reduced Government Payments
October 18, 2002 - Profitable Year for Dairy Producers in 2001
October 31, 2002 - Costs and Returns for Beef Producers, 2001
November 20, 2002 - Farmland Leasing Update
November 27, 2002 - Lower, Highly Variable Incomes Projected for 2002
December 23, 2002 - Cash Rents and Equivalent Cash Rents in Illinois
December 31, 2002 - Time to Check Corn and Soybean Yields

2003

January 27, 2003 - Cash Rent Worksheet
January 31, 2003 - Revenue Guarantees on Crop Insurance Products
February 17, 2003 - Analyzing the Profitability of Your Farm Business
February 28, 2003 - Historical Cropping Patterns on Illinois Grain Farms
March 19, 2003 - Increases in Fuel Related Costs Lead to Higher Production Costs
March 30, 2003 - Can 1988 Drought Yields Occur Again in Northern and Central Illinois?
April 8, 2003 - Farm Incomes Vary Considerably Across Illinois in 2002
April 25, 2003 - Cost to Produce Corn and Soybeans in Illinois — 2002
May 7, 2003 - Farm and Family Living Expenses for 2002
May 30, 2003 - Size Economies on Grain Farms
June 27, 2003 - New Machinery Cost Estimates and Planting Costs
June 30, 2003 - Hog Profits in 2002 and 2003
July 22, 2003 - Release of Crop Budgeting Tool
July 31, 2003 - Dairy Profits in 2002
August 27, 2003 - A Historic Look at Illinois Farm Real Estate Values
August 29, 2003 - Recognizing Income and Budgeting for Counter Cyclical Payments
September 8, 2003 - Costs and Returns for Illinois Beef Producers in 2002
September 28, 2003 - Crop Acre Changes On Illinois Farm Business Farm Management Farms, 1995 Through 2002
November 7, 2003 - Projected And Historical Crop Returns: Keep Soybeans In 2004
November 7, 2003 - Understanding USDA Corn And Soybean Production Estimates
November 11, 2003 - Higher Grain Prices Result In Less Loan Deficiency Payment Activity
November 30, 2003 - What Do 2003 Corn And Soybean Yields Indicate About Future Yields?

2004

January 26, 2004 - Group Crop Insurance Plans
February 11, 2004 - Grip-Hr: An Analysis Of Returns And Risks
February 19, 2004 - Insurance Premium Higher In 2004
March 9, 2004 - Crop Costs On Illinois Grain Farms
March 31, 2004 - Planter Costs For Alternative Farm Sizes
March 31, 2004 - Skip-Row Planter Costs
April 13, 2004 - Cost To Produce Corn And Soybeans In Illinois-2003
April 30, 2004 - Farm and Family Living Income and Expenses for 2003
May 18, 2004 - Illinois Farm Incomes Higher in 2003
June 11, 2004 - Farmland Prices, Net Rents And Interest Rates Since 1970
July 28, 2004 - Per Acre Machinery Costs And Values On Illinois Farms, 2003
August 15, 2004 - Projected 2005 Commodity Prices Suggest Caution In Farm Rental Bidding
August 18, 2004 - An Updated Look At Illinois Farm Real Estate Values
August 26, 2004 - Grain Delivery Comparison Model: Release Of A New FAST Tool
September 2, 2004 - Hog Producers Should Experience A Profitable Year In 2004 After Breakeven Situation In 2003
September 14, 2004 - Costs And Returns For Illinois Beef Producers In 2003
September 22, 2004 - Returns Improve Marginally For Dairy Producers In 2003, Profits Should Return In 2004
November 1, 2004 - 2004 Crop Insurance Changes And Historical Crop Insurance Use
November 22, 2004 - 2005 Corn And Soybean Revenue And Cost Estimates
November 30, 2004 - The Economics Of Adding More Corn To Corn-Soybean Rotations

2005

January 11, 2005 - Corn Returns versus Soybean Returns: Do Farms Differ?
January 31, 2005 - Lower Grain Prices Result in Increased Loan Deficiency Payment Activity for the 2004 Corn and Soybean Crop
February 2, 2005 - Group Risk Income Plans Likely to Pay in Many Counties for 2004 Crops
February 28, 2005 - Crop Insurance Decisions in 2005
March 15, 2005 - A Soybean Rust Scenario Model: 2005 Crop Year Decision Making In Illinois
March 28, 2005 - Soybean Rust Considerations in Share-rent Arrangements and in Crop Insurance
April 14, 2005 - Record Yields Boost 2004 Farm Earnings
April 19, 2005 - Machinery Cost Estimates in 2005
May 9, 2005 - Cost To Produce Corn And Soybeans In Illinois?2004
May 26, 2005 - Farm And Family Living Income And Expenses For 2004
June 10, 2005 - Agricultural Debt Increases But Still Manageable
June 25, 2005 - Growth In Farm Size
July 25, 2005 - Insurance Payment Estimates for 2005
July 25, 2005 - Spraying for Pests and Its Impacts on Crop Insurance Coverage
August 15, 2005 - Increase In Illinois Farm Real Estate Values Continue
August 30, 2005 - 2005 and 2006 Crop Budgets: Implications for Cash Rents and Production Decisions
September 19, 2005 - Dairy Producers Benefit From Record High Milk Prices In 2004, Profits Should Continue In 2005
September 26, 2005 - Effect of Higher Fuel Prices on Machinery Costs
September 30, 2005 - Variable Cost Increases for Corn and Soybeans in Historical Perspective
October 26, 2005 - Costs And Returns For Illinois Beef Products In 2004
November 14, 2005 - Profits Should Continue For Hog Producers In 2005 After Profitable 2004
December 5, 2005 - Projected Returns For Corn And Soybean In 2006
December 23, 2005 - New Crop Budgeting Tools Released on Farmdoc
December 28, 2005 - Considerably Lower Farm Incomes Projected for 2005

2006

January 23, 2006 - Premium Reduction Plans for Crop Insurance
February 13, 2006 - Expected Yield Increases and Choice between Group and Farm Crop Insurance
February 27, 2006 - GRP and GRIP Payments: Preliminary 2005 Estimates and Historical GRIP Payments
March 6, 2006 - Choice of Revenue Products: Base and Harvest Prices
March 10, 2006 - How Bad Were 2005 Corn Yields?
April 6, 2006 - 2006 Planting Decisions Given the March Planting Intentions Report
April 19, 2006 - Costs and Fuel Use for Alternative Tillage Systems
May 17, 2006 - Lower Corn Yields and Higher Input Costs Reduce Farm Earnings in 2005
June 1, 2006 - Costs to Produce Corn and Soybeans in Illinois — 2005
June 19, 2006 - Farm and Family Living Income and Expense for 2005
July 10, 2006 - Cost Increases: Its Not Just Energy
July 31, 2006 - Has Variability in Corn Yields Been Reduced?
August 10, 2006 - Increase in Illinois Land Real Estate Values Accelerates
August 15, 2006 - Corn and Soybean Prices for More Corn in 2007
September 15, 2006 - Future Increase in Corn Acres Will Vary Across the Corn-Belt
September 20, 2006 - Machinery Cost Estimates for 2006
October 20, 2006 - Returns Exceed Costs For Dairy Producers In 2005, Profit Margins Likely To Turn Negative In 2006
October 30, 2006 - 2007 Crop Budgets Indicate Higher Returns for Corn and Wheat
November 13, 2006 - Costs And Returns For Illinois Beef Producers In 2005
November 21, 2006 - Profitable 2006 Will Result In Three Consecutive Years Of Profits For Hog Producerse
December 5, 2006 - Are Increasing Cash Rents Justified?
December 19, 2006 - Corn Acre Changes Likely Will Vary by Region and Farm Size
December 28, 2006 - Per Acre Machinery Costs and Values on Illinois FBFM Farms, 2005

2007

January 11, 2007 - Higher Yields and Grain Prices Result in Higher Farm Income Projections for 2006
January 19, 2007 - Higher Prices and Crop Insurance: A Double-Edged Sword
February 23, 2007 - Why Not All Corn?
February 28, 2007 - GRIP in 2007
March 27, 2007 - Cost to Produce Corn and Soybeans in Illinois-2006
March 30, 2007 - Farmland Price Increases Continue: Are They in Line with Farmland Returns?
April 6, 2007 - Geographical Distribution of Corn and Soybean Planting Intentions
April 23, 2007 - Crop Insurance Decisions Associated with Wheat Failure
May 2, 2007 - Good Yields and Higher Grain Prices Improve Farm Earnings in 2006
May 16, 2007 - Farm and Family Living Income and Expenses for 2006
May 30, 2007 - Crude Oil Price Variability and its Impact on Break-even Corn Prices
July 13, 2007 - Consider Higher Costs and Additional Risk When Negotiating 2008 Cash Rents
August 8, 2007 - Flexible Cash Leases Based on Crop Insurance Parameters
August 15, 2007 - Illinois Farm Real Estate Values Continue Double Digit Increases
October 10, 2007 - Are Farmland Prices in Line with Farmland Returns?
October 22, 2007 - Costs Exceed Returns for Dairy Producers in 2006, Profit Margins Likely to Turn Positive in 2007
November 6, 2007 - Non-Land Costs for Corn and Soybeans Projected to Increase in 2008
December 6, 2007 - Projected Corn and Soybean Returns in 2008

2008

January 4, 2008 - Costs and Returns for Illinois Beef Producers in 2006
January 16, 2008 - After Profitable 2006, Hog Producers Operate at Near Breakeven Levels for 2007, Red Ink Predicted for 2008
January 30, 2008 - The Biotech Yield Endorsement (BYE)
February 22, 2008 - Impacts of CRC Price Limits on the Value of CRC Relative to RA
March 20, 2008 - Cost to Produce Corn and Soybeans in Illinois – 2007
March 24, 2008 - Corn versus Soybean Returns in 2008
April 4, 2008 - Historic and Projected Corn versus Soybean Returns: Release of FBFM Corn and Soybean Results
April 18, 2008 - Good Yields and High Grain Prices Lead to Strong Farm Earnings in 2007
May 9, 2008 - 2007 Corn Yields in Perspective
May 20, 2008 - Impacts of Rising Crude Oil Prices on Corn and Soybean Production Costs
June 6, 2008 - Late Planting and Crop Insurance Decisions
June 27, 2008 - Farm and Family Living Income and Expenses for 2007
July 11, 2008 - Dramatic Increases in Corn and Soybean Costs in 2009
August 5, 2008 - Fourth Year in a Row of Double Digit Increases for Illinois Farm Real Estate Values
September 27, 2008 - Drying and Storage Costs in 2008: Comparing Alternatives with the Grain Delivery Model
October 15, 2008 - Increased Probabilities of Crop Insurance Payments
October 15, 2008 - 2009 Rental Decisions Given Volatile Commodity Prices and Higher Input Costs
October 22, 2008 - Returns Exceed Costs for Dairy Producers in 2007, Profit Margins Likely to Turn Negative in 2008
November 14, 2008 - Landlord Returns From Illinois Farmland
December 9, 2008 - Corn Profits Versus SoyBean Profits in 2009
December 24, 2008 - Costs and Returns for Illinois Beef Producers in 2007
December 29, 2008 - More Red Ink Expected for Hog Producers in 2008 After Experiencing Losses in 2007

2009

January 9, 2009 - Questions and Answers About the ACRE Provision of the 2008 Farm Bill
January 14, 2009 - Fertilizer Prices Likely to Decline in 2009
February 13, 2009 - 2009 Crop Insurance Changes Suggest Considering Either Grip or Enterprise Units and BE for CRC and RA-HP
February 27, 2009 - The ACRE Program Decision and Some Illustrative Examples
March 9, 2009 - GRIP Provides Superior Price Protection to CRC or RA
March 27, 2009 - Updated 2009 Budgets: Return Projections, 2010 Cash Rents, and Planting Decisions
April 30, 2009 - Five-Year Olympic Average Yields and ACRE
May 12, 2009 - Average Cash Rents Per County in 2008
June 1, 2009 - Late Planting and Crop Insurance
June 3, 2009 - Evaluating Economic Alternatives for Late Planting
July 20, 2009 - Historical Analysis of ACRE
August 5, 2009 - ACRE Will Likely Pay More than the Traditional Alternative for Receiving Farm Commodity Payments
September 9, 2009 - Corn and Soybean Returns in 2009 and 2010
September 18, 2009 - Crop Priority in ACRE
October 9, 2009 - A Historic Look at Illinois Farm Real Estate Values
October 21, 2009 - Drying Costs and Shrink Losses Are Large in 2009
October 29, 2009 - Late Planting Wheat and Crop Insurance
November 30, 2009 - Profit Margins Turn Negative in 2008, Likely to Continue with Projected Low Milk Prices in 2009
December 21, 2009 - ACRE Payment Estimates: Release of FAST ACRE Payment Estimator

2010

January 27, 2010 - Yield Increases on Illinois Crops: Questions for the Future
February 4, 2010 - Fertilizer Prices in 2008, 2009, and 2010
March 5, 2010 - 2010 Crop Insurance Update: Model Programs and Common Questions
March 11, 2010 - GRIP Premiums in 2010
March 29, 2010 - Changes in Crop Acres Since Freedom to Farm
April 5, 2010 - Illinois Corn and Soybean Yields and GRIP Payments in 2009
April 12, 2010 - County Cash Rents in 2009
April 23, 2010 - Lower Crop Returns and Higher Costs Lead to Lower Farm Earnings in 2009
April 28, 2010 - Estimated 2009 and 2010 ACRE Payments
May 24, 2010 - Revised Corn and Soybean Budgets for 2009 and 2010
June 4, 2010 - Working Field Days in Illinois
July 26, 2010 - Power Costs Increased on Grain Farms
August 13, 2010 - Illinois Farm Real Estate Values Continue on Upward Trend
August 16, 2010 - 2011 Crop Budgets: Implications for Crop Rotations and Returns
August 30, 2010 - COMBOs Product Released for 2011 Crop Insurance Year
September 24, 2010 - 2008 SURE Window Closes September 30
October 18, 2010 - Farmland Price Outlook: Are Farmland Prices Too High Relative to Returns and Interest Rates
November 2, 2010 - 2011 Return Projections Suggest Corn Will be More Profitable than Soybeans