skip to Main Content

Machinery Values on Illinois Grain Farms

  • June 15, 2018
  • Brandy Krapf, Dwight Raab and Bradley Zwilling

As farm incomes began to increase after 2006 due to higher grain prices, machinery values began to increase as well. There are many reason for this increase. We will compare…
Read This Article

2017 – Characteristics of Higher Profit Farms

  • May 18, 2018
  • Brandy Krapf, Dwight Raab, and Bradley Zwilling

This article uses 2017 data from Illinois Farm Business Farm Management to highlight selected differences between the highest profit grain farms (high one-third) and lower profitability grain farms (low one-third). …
Read This Article

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.…
Read This Article

IFES 2017: Where To From Here

  • January 5, 2018
  • Dwight Raab

While yields for most have assisted in mitigating working capital losses, commodity prices continue to present challenges in creating positive cash flows and profits. Corn at less than $4 continues…
Read This Article

2017 Year End Tax Planning Ideas

  • December 27, 2017
  • Dwight Raab

With the recent passage of the Tax Cuts and Jobs Act (Congress passed on 12/20; President signed on 12/22) there are significant changes to the deductible amount of state income,…
Read This Article

The Deferred Tax Monster

  • May 19, 2017
  • Brandy Krapf, Dwight Raab, Bradley Zwilling and Bailey Fletcher

Because agriculture producers can use cash accounting for federal and state income tax purposes, there is a recognizable difference between taxable farm income and accrual farm income. These differences can…
Read This Article

Then and Now – Machinery Values

  • March 17, 2017
  • Bradley Zwilling, Dwight Raab and Brandy Krapf

This article reviews machinery values from a group of Illinois grain farms at two points in time. Total machinery value and machinery value per acre are reviewed from periods that…
Read This Article

Agricultural Debt Continues to Increase

  • February 17, 2017
  • Brandy Krapf, Dwight Raab and Bradley Zwilling

Agricultural debt on a nominal basis in Illinois has been increasing since 1991. Data from the U.S. Department of Agriculture (USDA) and Illinois Farm Business Farm Management (FBFM) are shown…
Read This Article

Where Is Your Net Worth?

  • November 18, 2016
  • Bradley Zwilling, Brandy Krapf, and Dwight Raab

Net Worth is measured as all assets less all liabilities. If you consider that your liabilities are claims on your assets by your lenders, then you can consider the liabilities…
Read This Article

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…
Read This Article

Net Farm Income Trends

  • September 16, 2016
  • Bradley Zwilling, Dwight Raab, and Brandy Krapf

The average net farm income for all farms in 2015 as a negative $2,971; it was $107,290 in 2014. There are 2,647 farms in this dataset with average tillable acres…
Read This Article

Debt, Repayment Margins and Farm Income

  • July 15, 2016
  • Bradley Zwilling, Dwight Raab, and Brandy Krapf

Earlier articles by Schnitkey and Zwilling reviewed farm business liquidity in terms of the current ratio and working capital. This article reviews three measures of debt and repayment ability for…
Read This Article
Back To Top
×Close search
Search