Small Farms

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,...

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...

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...

Farmland values began to soften in late 2024. With decreasing farm profits in 2023 and 2024, farmland values held firm until the last quarter of 2024. This was the consensus of professional farm managers at the 2025 Illinois Farmland Values and Lease Trends Conference held in March, which The...

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...