Farm Coach 2025

As the Midwest agriculture sector faces another year of low profits, farmers need to take a closer look at their farm balance sheet, which is a snapshot of their financial condition on a specific day. The market-value balance sheet is based on the current value of farm assets owned,...

With lower grain prices, higher interest rates, and increased production costs, some farms are facing a challenging financial situation. According to the Federal Reserve, the number of individuals experiencing severe financial stress remains low, but the trend is moving upward. The hard news is...

Having a well-written farm lease is vital in today's farm rental marketplace. The purpose of this article is to provide tips to consider when constructing a cash farm lease in Illinois. Landowners and farmers can find farm lease templates online. Commonly used lease templates in Illinois are...

This is article two from a two-part series.Dust storms have become an increasing concern in Illinois, prompting investigations into their causes and potential solutions. These weather events have resulted in fatalities, including a 2023 traffic accident that took the lives of eight people on a...

This is article one from a two-part series.Recent dust storms in Illinois have raised the question of the cause of these events. In the last few years, these dust events have caused fatal accidents among traveling motorists. Another public concern is the drop in air quality during these storms.Some...

A flexible cash lease is an alternative to a straight cash lease. The flexible cash leash protects the farmer and landowner from economic loss. This type of lease can prevent a farmer from committing to a lease that requires a high guaranteed rent payment, allowing the landowner to have a higher...

Draining excess water from farm fields in Illinois is vital to food and renewable fuel production. However, the lack of adequate farm drainage is a serious problem. Many older farm drainage systems are still in place but are past their viable economic use value due to being obsolete, inefficient,...

One of the most consistently asked questions to University of Illinois Extension offices across the state is, what is the going rate for cash rent for farmland?Cash rent rates are a common yet recurring question that is continuously researched...

When heavy rains result in ponded fields, the cause is poor drainage. Old field tiles in poor condition and/or undersized cannot efficiently remove excess water fast enough. When left unaddressed, the problem will worsen over time, resulting in compacted fields and lower yields.  Fixing the...

Farm drain tiles are vitally crucial to the success of Illinois crop production. These underground drainage systems help provide good soil-based crop growing conditions by removing excess water from the soil. A balanced mixture of air, water, and soil is crucial for plant health, as excessive...

Competition for farmland is fierce. Many other farmers may want to work the same land you do, whether renting or buying. Farming is a highly competitive business. Being efficient in business is essential to successful farm operations. Prioritizing management activities that will increase...

This article is for educational purposes and not to be considered legal advice.How should a farmer prepare for an agronomy service call when there is a problem with the crop growing in the field? The problem could be a poor stand with low and varied emerged plants. There may be chemical...

Farmers can map farm fields and check crop conditions with a farm drone. Mapping platforms are highly detailed and can record conditions throughout the growing season, which can be very useful in comparing years of growing conditions of the same field. A farmer can choose either a brief or a...

Quick Tips for Farm Estate PlanningStudies have shown that fewer than 20 percent of farm families have an effective estate plan to roadmap what happens to the family farm when dad and mom retire or pass away. Death is inevitable. What is very normal is that families avoid talking about what is...

-This article is intended for educational purposes only and does not constitute tax advice.Recent attention has been given to farmland and ranchland buyers using Section 180 of the IRS code to depreciate excess fertility on newly purchased or inherited farms and ranches. This deduction can...

The Chicago Federal Reserve Bank reported on the current economic conditions and trends in the northern two-thirds of Illinois and Indiana, southern Wisconsin, and all of Iowa and Michigan. This report includes comments on credit conditions, cash rents, and land values.Land ValuesIn the first...

Farm drones can be valuable in helping farmers keep an eye on their crops through the growing season. The farmer can carry out tasks efficiently and effectively with proper preparation. Here are some of the basic checks needed to make to ensure a safe and effective flight.Before Going to...

As another large dust storm impacted Illinois in May, the conversation and questions continue about why and how to get the dust to settle and stay in the field rather than across roadways. Although it is not a new environmental event, the dangers are always present, and questions arise....

Understanding Illinois property tax calculations is complex and confusing. Properties such as personal residences are taxed based on fair market value. The State of Illinois assesses farmland based on the agricultural use value rather than the farm market value. Based on farm income...