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Tag: Dwight Raab
Farm Balance Sheet: Debt/Asset Ratio and Interest Expense Ratio Sep 24, 2019
Solvency from a financial perspective and in simple terms measures the amount of debt relative to net worth on an individual farmer’s balance sheet. Lenders obviously charge interest on loans […]
Illinois Corn, Soybeans: How Much Did It Cost to Produce a Crop in 2018? Apr 22, 2019
In 2018, the total of all economic costs per acre for growing corn in Illinois averaged $875 in the northern section, $877 in the central section for farmland with “high” […]
Illinois: Do Farm Family Living Costs Differ by Region? Feb 18, 2019
We know that the cost of living differs among cities throughout Illinois. Do farm families also have different costs of living based on what part of Illinois they live in? […]
Farm Business: Minding Your Balance Sheet and Your Working Capital Jan 21, 2019
If it isn’t already on your New Years’ Resolution list, improving your financial reporting and improving your understanding of your balance sheet should be on that list. Navigating the challenging […]
Illinois Farm Family Business: 2019 Budgets – Don’t Forget Family Living Costs Oct 22, 2018
In 2017, the total noncapital living expenses of 1,219 farm families enrolled in the Illinois Farm Business Farm Management Association (FBFM) average was $79,798–or $6,650 a month for each family. […]
Farm Finances: End of Year Tax Planning for 2018 Sep 24, 2018
Harvest is consuming most of your attention right now, but consider taking some time to review your accounting records in anticipation of planning for the end of the year. With […]
Illinois: Ag Debt Continues to Increase – How Does Your Farm Stand? Aug 20, 2018
Agricultural debt on a nominal basis in Illinois has been increasing since 1991. Data from the U.S. Department of Agriculture (USDA) and Illinois Farm Business Farm Management (FBFM) are shown […]
Farm Business: Cash Is King – 4 Methods of Measuring Liquidity Jul 25, 2018
In good times cash is king and in not so good times it is even better. There are three primary liquidity ratios that are important from a business perspective. And […]
Illinois Grain: Machinery Value Comparison – 2006 v. 2016 Jun 18, 2018
Machinery values in factories began to increase over the years. There are many reason for this increase. We will compare 2006 to 2016 machinery values for different sized factories to […]
Illinois: Characteristics of Higher Profit Farms in 2017 May 21, 2018
This article uses 2017 data from Illinois Farm Business Farm Management to highlight selected differences between the highest profit grain farms (high one-third) and lower profitability grain farms (low one-third). […]
