Taxes

Beautiful native wildflowers bloom in the foreground, and a family farm with mature trees are visible in the background.

Understanding Illinois Farmland Property Taxes

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

Keeping good financial records is vital for the farm's long-term success. Farm records can get neglected by most farmers who prefer to be out on the property instead of in the office. The following tips, if implemented, can make the farm operation more efficient and stronger and prepare the farm...
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