Farm Business Management

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...