Farm simulator 14 manure guide2/1/2024 ![]() ![]() ![]() The higher profit farms generally had higher corn yields. ![]() When looking at the ten-year average the largest difference in tillable acres is in southern Illinois with 547 more acres for higher profit farms, while the smallest difference was for the central Illinois farms with the lower soil rating with 314 more acres. The larger farms can spread their labor and machinery costs over more acres contributing to lower costs per acre and higher profitability. Farm Sizeįarm size seems to be a contributing factor to the profitability as the higher profit farms were larger, generally from 300 to 550 more acres (Table 1) depending on the period and the region in the state. These farms also had none or very limited livestock enterprises. All farms were at least 500 tillable acres in size with the larger average number of acres per farm in northern and southern Illinois. The central region is also divided into a group of higher productive soils and a group with less productive soils. Management returns, an economic profit measurement, were significantly greater for the higher profit farms.įarms are grouped by region in the state – north, central, and south (roughly using Interstate 80 in the north and Interstate 70 in the south). Farms in the higher profit group were larger, had higher corn yields, crop-shared a larger percentage of their acres, and had higher crop returns and lower costs, especially crop and power and equipment costs. The analysis was done using the 2013 through 2022 ten-year average. The farms were sorted into thirds based on production per dollar of non-feed costs (accrual gross farm returns divided by total non-feed costs). Illinois Farmland Leasing & Rental Formsĭata from the Illinois Farm Business Farm Management (FBFM) Association for 2013 through 2022 was used to analyze selected differences between the highest profit grain farms (high one-third) and the lower profit grain farms (low one-third).Illinois Crop Budgets & Historic Returns.Farmland LEasing Facts Sheets & Pricing Information.Illinois Soil Productivity & Yield Utilities. ![]()
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