The 2002 Farm Bill adjusted loan rates for the two primary crops grown in Illinois, corn and soybeans. The loan rate increased for corn and decreased for soybeans. This change along with the long term prospect of lower soybean prices due to increased production in South America has spurred discussion of a potential shift to more corn and less soybean acreage in Illinois. Other agronomic and economic factors along with the relative price of corn and soybeans will be taken into consideration by producers if and when adjustments are made in their cropping rotations.
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