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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 (Figure 1). This average was about 2.8 percent lower than…
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Recent Articles

Machinery cost estimates for 2021 have been released and are available on the farmdoc website (see Management section of farmdoc). Machinery costs are updated every two years, with the last update occurring in 2019. Substantial increases in list prices of…
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Average net farm income on Illinois grains farms was above-average in 2020 primarily because of two factors: 1) higher corn and soybean prices in the second half of 2020, and 2) Federal aid through the Coronavirus Food Assistance Program (CFAP)…
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In response to market disruptions and economic harm caused by the Coronavirus (COVID-19) pandemic, the U.S. federal government initiated a series of relief programs for U.S. consumers and businesses, including farmers and ranchers. Of these programs, the two rounds of…
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Due to continued increases in demand for certified organic grains, crop farmers that have transitioned from conventional to certified organic grains report higher net returns per acre (McBride et al., 2015; Greene et al., 2017; Langemeier et al., 2020; Center…
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This article contains a summary of the US Department of Agriculture (USDA), Farm Service Agency (FSA) report on commodity program choice for the 2021 crop year.  For most crops, share of base acres enrolled in ARC-CO (Agriculture Risk Coverage –…
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Over time, more Illinois farmland is being cash rented rather than share rented. Cash rental arrangements adjust more slowly to changes in farmland returns than share rental agreements. As more farmland is cash rented, a farm’s financial position will become…
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