2016 Gross Revenue and Income Projections for Corn and Soybeans in Central Illinois11/30/2016
With harvest at a close, fairly accurate estimates of yields can be made, leading to more accurate estimates of 2016 gross revenues. Gross revenues and returns for corn and soybeans grown in central Illinois are presented in this article. Compared to 2015, 2016 gross revenue is projected to be lower for corn even though yields are much higher in 2016. Gross revenue for soybeans is projected higher in 2016 than in 2015 because of higher yields and prices. Overall, returns will average positive across corn and soybeans, but will still be at very low levels. Incomes in central Illinois will be higher on most farms in 2016 than in 2015.