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Costs and Returns for Illinois Beef Producers in 2023

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  • Zwilling, Bradley

Abstract

Total economic returns in 2023 for Illinois beef feeding enterprises exceeded total costs by $2.04 per 100 pounds of beef produced in preliminary findings for farms enrolled in Illinois Farm Business Farm Management. The 2023 returns were lower than the 2022 total returns above all costs (2022 was the highest since this study began) by $19.73 per 100 pounds produced. Total returns have exceeded total economic costs in five out of the last ten years. The 2023 level of return above all costs was $1.89 per 100 pounds beef produced above the average return above all costs for the 2014 through 2023 period. Figure 1 illustrates average returns, cash operating costs and total costs for this same period.

Suggested Citation

  • Zwilling, Bradley, 2025. "Costs and Returns for Illinois Beef Producers in 2023," farmdoc daily, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics, vol. 14(116).
    • Handle: RePEc:ags:illufd:358490
    DOI: 10.22004/ag.econ.358490
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    Keywords

    Agribusiness; Costs of Production;

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