Illinois crop budgets for 2025 are now available and, overall, projections are for lower production costs for corn and soybeans in 2025 compared with 2024. Break-even prices to cover all costs, including cash rent for farmland, range from $4.60 to $4.66 per bushel for corn and $11.01 to $11.56 per bushel for soybeans. Despite lower cost projections, current expectations for corn and soybean prices suggest negative farmer returns to corn and soybeans across all regions of Illinois in 2025.