Funded by the Illinois Soybean Association checkoff program.

Dale Lattz

Cost to Produce Corn and Soybeans in Illinois—2019

This article was originally published on the farmdoc Daily website by Dale Lattz and Bradley Zwilling. In 2019, the total of all economic costs per acre for growing corn in Illinois averaged $878 in the northern section, $912 in the central section for farmland with “high” soil ratings, $887 in the central section for farmland with “low” soil ratings, and $851 in the southern section.  Soybean costs per acre were $630, $672, $629 and $652, respectively (see Table 1).  Costs were lower in southern Illinois primarily because of lower land costs.  The total of all economic costs per bushel [...]

By |May 17, 2020|

Working Capital to Value of Farm Production – One Measure of Liquidity

This article was originally published on the farmdoc daily website.  This article examines working capital to value of farm production for selected producer characteristics.  Working capital to Value of Farm production is one of the traditional measures of liquidity suggested by the Farm Financial Standards Council (FFSC), with others being current ratio and working capital. Overall, working capital to value of farm production has declined since 2013. Background The Financial Guidelines for Agriculture developed by the Farm Financial Standards Council (FFSC) identified five general financial measures when evaluating the financial performance of the farm firm.  These include liquidity, solvency, [...]

By |February 11, 2020|
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