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A Switch to Soybean Acres In Illinois?

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In 2001, some analysts are suggesting that more soybeans and less corn will be planted in Illinois. This shift is expected because production costs have increased less for soybeans than for corn. In addition, the loan rate for soybeans compared to the loan rate for corn is out of line compared to historical average prices and favors soybean production. Budgets comparing the advisability of shifting from corn to soybeans are presented in this paper.

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