Ohio State University
farmdoc daily (11):90
farmdoc daily (11):90, Department of Agricultural and Consumer Economics, University of Illinois at
Urbana-Champaign, June 8, 2021. Permalink
Over time, per acre input costs on grain farms tend to rise with commodity price increases (see also
farmdoc daily, September 17, 2015). In this article, we illustrate this relationship for corn in 1) central Illinois using data from Illinois Farm Business Farm Management (FBFM) and 2) the U.S. using data from the Economic Research Service (ERS). Given current higher commodity prices, historical relationships suggest rising input costs for the 2022 crop. Sometime in the future, commodity prices will decline. When this occurs, history suggests that input costs will not decline as much as the commodity price decline.
Tenure Characteristics of Illinois Farmland • farmdoc daily illinois.edu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from illinois.edu Daily Mail and Mail on Sunday newspapers.
Jan 21, 2021
Max Armstrong reports on mortgage interest rates and how they offer opportunities for farms. Max shares that in 2019 interest cost accounted for more than 10% of farm operating cost on nearly 20% of grain farms in the Illinois Farm Business Farm Management Association. Max shares that 45% of those farms have cost exceeding 5% of operating cost.
Farm Progress America is a daily look at key issues in agriculture. It is produced and presented by Max Armstrong, veteran farm broadcaster and host of This Week in Agribusiness.
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