Forecasts of revenue less variable costs, hereafter referred to as returns, for corn and soybeans are forecast for the following four region and yield categories: 1) northern Illinois, 2) central Illinois with high productivity farmland, 3) central Illinois with low productivity Illinois, and 4) southern Illinois. Forecasts are compared to historical returns for Illinois Farm Business Farm Management grain farms from 2000 to 2003 along with preliminary estimates of 2004 returns. Returns are available from the Historical Crop Costs tool available in the management section of farmdoc (http://www.farmdoc.uiuc.edu/manage/enterprise_cost/crop_revenue_less_variable_cost.html).
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