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Weekly Farm Economics

2017 ARC-CO Payments and Outlook for 2018 Payments

  • October 16, 2018
  • Gary Schnitkey, Carl Zulauf, Jonathan Coppess, and Nick Paulson

The Farm Service Agency (FSA) has released 2017 county yields, 2017 Market Year Average (MYA) prices have been determined, and FSA is in the process of making 2017 ARC-CO payments.…
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How Are Family Living Expenses Funded?

  • March 16, 2018
  • Brandy Krapf, Dwight Raab, and Bradley Zwilling

Family living expenses are not a tax-deductible expense of the farm business, but they must be budgeted for to sustain the living expense of the farm operator and their family.…
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Weekly Farm Economics

Revised 2018 Corn and Soybean Budgets

  • February 13, 2018
  • Gary Schnitkey

Revised 2018 corn and soybean budgets are available in the management section of farmdoc. The major revision was to commodity prices. A $3.60 per bushel corn price and $9.60 per…
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Weekly Farm Economics

2018 Crop Budgets: More of the Same

  • July 25, 2017
  • Gary Schnitkey

Crop budgets for 2018 now are available on farmdoc. In addition, 2017 crop budgets have been revised and 2016 returns and costs have been updated. Overall, 2018 budgets suggest more…
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How Will Family Living Affect My 2017 Budgets?

  • October 21, 2016
  • Bradley Zwilling, Brandy Krapf, and Dwight Raab

In 2015, the total noncapital living expenses of 1,377 farm families enrolled in the Illinois Farm Business Farm Management Association (FBFM) averaged $78,538--or $6,545 a month for each family (Figure…
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To Harvest Stover or Not: Part 2

  • June 22, 2016
  • Nick Paulson and Madhu Khanna

Mandates for second-generation biofuels in the US create potential markets for farmers to collect and market their corn stover biomass. Removing stover from the field has the potential to reduce…
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Weekly Farm Economics

Release of 2015 Crop Budgets

  • July 8, 2014
  • Gary Schnitkey

The 2015 Illinois Crop Budgets are available in the management section of farmdoc. Budgets are given for corn, soybeans, wheat, and double-crop soybeans grown in northern, central, and southern Illinois.…
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Planning For a Lower Revenue 2014

  • January 31, 2014
  • Brandy Krapf, Dwight Raab, and Bradley Zwilling

Every year begins with the same clean slate and a new promise of 'things to come' and success in your personal and professional life. That fresh clean slate brought about…
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Weekly Farm Economics

High Cash Rents and Farmer Returns

  • December 3, 2013
  • Gary Schnitkey

An open question is: How long will it take before "high" cash rents are lowered? The answer to this question will depend on the willingness of farmers to sustain losses…
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Weekly Farm Economics

Wheat Returns on Southern Illinois Farms

  • August 27, 2013
  • Gary Schnitkey

In this post, returns are compared on southern Illinois farms that grew and did not grow wheat. Specific comparisons are for farms growing and not growing wheat, farms having double-crop…
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Weekly Farm Economics

2014 Crop Budgets

  • July 30, 2013
  • Gary Schnitkey

Listen to MP3 podcast The 2014 Illinois Crop Budgets are now available on farmdoc. These budgets give projected revenues, costs, and returns for corn-after-soybeans (corn planted in farmland that had…
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