Lower Grain Prices Lead to Lower Earnings for Grain Farms in 2024; Livestock Sector Sees Gains - farmdoc daily
Bradley Zwilling - Based on Illinois FBFM records, average farm operator returns for labor and management on 2,009 Illinois farms were lower for all geographic areas in the state in 2024 compared to 2023 and below the average for the last five years. Even with higher yields and lower costs, lower grain prices were the main reasons for the lower incomes. Livestock farmers experienced higher returns due to lower feed prices and higher prices for livestock and livestock products.| farmdoc daily
