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Information in this section is useful in a variety of management decisions. Much of the data used in this section comes from the Illinois Farm Business Farm Management (FBFM) Associations.
 

FEFOs

FEFOs

The Facts and Opinions newsletters address economic topics related to farm management. Two issues are released per month. Below are listed the latest three.
A complete archive is provided here.

 

2007 Corn Yields in Perspective (May 9, 2008)
Overall, 2007 was a good yielding year for corn in northern and central Illinois. Farms with corn yields averaging over 200 bushels per acre were common in 2007. While 2007 was a good production year on average, there were areas of the Corn Belt that experienced below trend yields.

Good Yields and High Grain Prices Lead to Strong Farm Earnings in 2007 (April 18, 2008)
Illinois Farm Business Farm Management records indicate that average farm operator returns for labor and management was higher in 2007 than the average income for the previous five years.

Historic and Projected Corn versus Soybean Returns: Release of FBFM Corn and Soybean Results (April 4, 2008)
Financial data for 2007 have been summarized for farms enrolled in Illinois Farm Business Farm Management (FBFM) such that actual 2007 returns for corn and soybeans can be calculated.

 

Previous Facts and Opinions dealing with:

Crop economics
Crop insurance
Decision aids
Farm income
Farm profitability benchmarks
Farm programs
Farmland leases and values
Financial and tax
Livestock economics
Machinery economics


View Earlier Illinois Farm Economics: Facts and Opinions

Per Acre Revenue and Costs for Illinois Crops

Select one of the following budget tool options:


Shows per acre revenues and costs for Illinois. The first option compares corn or soybean returns over time. The second compares crop returns for the current growing season. Analysis of crop economics is provided here.

Machinery: Costs and Other Issues

Select one of the following options:

Shows costs of operating machinery for Illinois. Economic analysis of machining costs are provided here. Useful publications from other states are here.

Illinois Land Information

Select one of the following options:

Land and rent data shows index values for farmland and rental statistics. Leasing fact sheets provide information on leasing arrangements. Share and cash rent lease forms are available here.

Reports on:

Reports provide detailed analysis of family expenditures, crop and livestock costs, and returns estimates in Illinois.

Yield and Price Tools

The crop yield tool shows yields for a county since 1972 in Illinois. The price tool gives prices received by Illinois farmers for commodities.

Click here for instructions on using this section.

 
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