Editor's Picks
Tag: farm finances
4 Highly Effective Financial Habits for Farmers Nov 2, 2022
Use your accounting processes to evaluate, forecast and plan Think about how your farm has grown in size and scope in the past decade. Has your financial reporting followed suit? […]
When Creating 2022 Crop Budgets, Keep in Mind Family Living Costs 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 […]
U.S. Farm Sector Balance Sheet Markedly Improved Over 2020 Oct 10, 2022
U.S. farm equity in 2022 is 27.7% higher than it was in 2017 and 42.7% higher than it was in 2012. During the last 10 years, net farm income was […]
Farmer Sentiment Drifts Lower, Rising Interest Rates Contribute to Uneasiness – Ag Barometer Oct 4, 2022
The Purdue University-CME Group Ag Economy Barometer index drifted lower to a reading of 112 in September which was 5 points lower than a month earlier. The decline in farmer sentiment was […]
Illinois: How Did Farms Fare Financially in 2021? 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 […]
Comparing Net Returns for Alternative Leasing Arrangements Sep 12, 2022
Obtaining control of land through leasing has a long history in the United States. Leases on agricultural land are strongly influenced by local custom and tradition. However, in most areas, […]
Farmer Sentiment Improves, Producers Still Concerned About Rising Costs, Inflation – Ag Barometer Sep 12, 2022
Farmer sentiment improved in August as the Purdue-CME Group Ag Economy Barometer index rose 14 points above its July reading to 117. The rise in the overall measure of agricultural producer sentiment […]
September Farm Sector Income Forecast Sep 4, 2022
The USDA’s Economic Research Service (ERS) indicated on Thursday that, “Net farm income, a broad measure of profits, is forecast to increase by $7.3 billion (5.2 percent) from 2021 to $147.7 billion in calendar year 2022.” “Net […]
Kansas City Fed: Farm Finances Positive, But Risks “More Notable” Aug 30, 2022
In an update last week from the Federal Reserve Bank of Kansas City, “Ag Credit Conditions Remain Strong as Risks Grow,” Nathan Kauffman and Ty Kreitman stated that, “Agricultural credit conditions remained strong in […]
Illinois: Good Yields, High Grain Prices Lead to Strong Farm Earnings in 2021 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 […]
