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U OF ILLINOIS ECONOMIST ISSUES REPORT "CHARACTERISTICS OF HIGHER PROFIT FARMS"
Blog by Bradley Zwilling, Illinois FBFM Association and Department of Agricultural and Consumer Economics, University of Illinois



To view the complete report, click here.

Data from the Illinois Farm Business Farm Management Association (FBFM) for 2011 through 2020 was used to analyze selected differences between the highest profit grain farms (high one-third) and the lower profit grain farms (low one-third). The analysis was done for 2020 and for the 2011 through 2020 ten-year average. Farms in the higher profit group were larger, had higher corn yields, crop shared a larger percent of their acres, and had higher gross returns and lower costs. Management returns, a profit measurement, was significantly greater for the higher profit farms.



Farms are grouped by region in the state - north, central and south. The central region is also divided into a group of higher productive soils and a group with less productive soils. All farms were at least 500 acres in size with no or very limited livestock enterprises.


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