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Revised 2024 Illinois Crop Budgets

Author

Listed:
  • Paulson, Nick
  • Schnitkey, Gary
  • Zulauf, Carl

Abstract

We present revisions to the 2024 Crop Budgets for Illinois, highlighting changes from our January release for high-productivity farmland in central Illinois while discussing the more general trends across regions. We have revised corn and soybean prices down, while cost adjustments were mixed. Farmer return projections for corn are improved across regions, while soybean return expectations are improved for southern Illinois but similar or lower for other regions. However, farmer return projections remain negative for both corn and soybeans across regions assuming average cash rent levels.

Suggested Citation

  • Paulson, Nick & Schnitkey, Gary & Zulauf, Carl, 2025. "Revised 2024 Illinois Crop Budgets," farmdoc daily, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics, vol. 14(118).
    • Handle: RePEc:ags:illufd:358488
    DOI: 10.22004/ag.econ.358488
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