Nick Paulson, Gary Schnitkey, and Carl Zulauf - Today’s farmdoc daily article provides a revision to the rent factors used in a simple variable cash lease design. The revisions result in slightly smaller rent factors to be applied to measures of corn and soybean revenue to determine variable cash rents. While the decline in crop revenues from highs in 2022 results in larger reductions in variable cash rents than those observed in average cash rents, farmer returns and return projections rem...| farmdoc daily
Bradley Zwilling - The financial results on all Illinois farms show that on average 2024 was a poorer financial year due to lower incomes. Grain farms had their highest income ever in 2021 and 2022, leading to build ups of cash and other assets. However, after two years of low incomes on grain farms, working cash has decreased almost 40% on the average farm to 2020 levels. With projected continued lower incomes for the rest of 2025 and 2026, farmers will need to find ways to reduce costs whil...| farmdoc daily