News

Forecast of 2017 Net Income on Grain Farms in Illinois


Net incomes on Illinois grain farms are forecast for 2017 using recently released yield estimates by U.S.D.A. (see Crop Production and 2017 prices projected by University of Illinois economists during an August 11, 2017 webinar). Forecast 2017 net incomes are down from 2016 levels primarily due to lower yields. Decreases in non-land costs should partially offset revenue declines from lower yields. U.S.D.A. yield estimates for Illinois are above trend levels and could decline due to dry August weather. Reductions in yields will result in lower incomes if no positive price response occurs. As always, net incomes will vary across Illinois, with areas of lower yields facing lower incomes.

Read the entire story here.

ProAg Quick Links

Agent Toolbox Grower Toolbox Careers

ProAg News

Will 2018 be Cotton’s Come Back Year?

With the passage of the 2014 farm bill, cotton lost its status as a covered commodity. Four years later almost to the date, it regained its status....
Get ProAg updates via email
Your browser is out-of-date!

Update your browser to view this website correctly. Update my browser now

×