When Creating 2022 Crop Budgets, Keep in Mind Family Living Costs Oct 24, 2022

    🕔Oct 24, 2022
    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 […]

    Illinois: How Did Farms Fare Financially in 2021? Oct 1, 2022

    🕔Oct 1, 2022
    Farm incomes in 2021 were much higher than the year before leading to stronger financial positions on Illinois farms.  The Farm Financial Standards Council has identified several key measures to […]

    Illinois: Good Yields, High Grain Prices Lead to Strong Farm Earnings in 2021 Aug 23, 2022

    🕔Aug 23, 2022
    Based on Illinois Farm Business Farm Management Association (FBFM) records, average farm operator returns for labor and management on 2,053 Illinois farms was higher for all geographic areas in the […]

    Illinois Farm Real Estate Values Increase $1K per Acre for 2022 Aug 9, 2022

    🕔Aug 9, 2022
    Each year the National Agricultural Statistics Service of the USDA releases estimated average farm real estate values by state.  The estimates are based on surveys of farmers from selected geographical […]

    Illinois: Differences in Working Capital to Gross Farm Revenues Among Farms Jul 18, 2022

    🕔Jul 18, 2022
    In the July 1, 2022 farmdoc daily article, the author explains trends in working capital using data from the United States Department of Agriculture – Economic Research Service (USDA-ERS) to show trends for […]

    Illinois Farmland: How Many Farmers Own Their Land vs. Renting? Jun 21, 2022

    🕔Jun 21, 2022
    Data from the Illinois Farm Business Farm Management (FBFM) Association provides insights into leasing arrangements in Illinois.  Table 1 contains data summarized from Illinois grain farms enrolled in FBFM. These […]

    What Is the Deferred Tax Monster and How Has It Been Changing Over Time? May 26, 2022

    🕔May 26, 2022
    Farmland prices and machinery values began to increase in 2020 and those values really took off in 2021.  In addition to this, we saw increased commodity prices.  All of these […]

    Illinois Corn, Soybeans: Production Cost Comparisons from 2020 to 2021 Apr 21, 2022

    🕔Apr 21, 2022
    In 2021, the total of all economic costs per acre for growing corn in Illinois averaged $952 in the northern section, $960 in the central section for farmland with “high” […]

    Farm Finances: Increasing Interest Rates Likely to Pressure Ag Income Mar 22, 2022

    🕔Mar 22, 2022
    The U.S. Federal Reserve has begun to raise interest rates to dampen inflation.  Higher rates imply higher interest expense, assuming no other change.  This article explores the role of farm […]

    Illinois Farm Finances: Ag Assets Compared to Ag Debt Mar 21, 2022

    🕔Mar 21, 2022
    Agricultural assets on a nominal basis in Illinois has been increasing on average five percent since 1991. Data from the United States Department of Agriculture (USDA) and Illinois Farm Business […]


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