Farm Business Management Blogs

This blog is the second part of a two-part series analyzing the 2025 Farmland Values Report published by the Illinois Society of Professional Farm Managers and Rural Appraisers (ISPFMRA). The report highlights the value of farmland sold in 2024, expectations for farmland values in 2025, and factors...

The 2025 Illinois Land Values and Lease Trends report is a must-read for anyone involved in agriculture. This year's report uncovers fascinating shifts in farmland values and lease trends across the state. What factors are driving these changes? How are different regions adapting to new economic...

The agricultural landscape in the United States is constantly evolving, and understanding the current state of farm and ranch operations is crucial for stakeholders across the industry. While the United States Department of Agriculture (USDA) conducts a complete census of agriculture every five...

This is the second post of a two-part blog series exploring cash rents for 2025. Part One described what a cash rent agreement is, the different types of cash rent agreements, and the trends in cash rent rates across Illinois. This post will analyze the projections for farmer returns in 2025, how...

With the 2024 growing year coming to an end, producers and farm operators are beginning to focus on the 2025 growing year. Producers are making decisions on what seed varieties they will plant, how they will market their grain for 2025 and beyond, what fertilizers they will apply, and a myriad of...

Navigating the complexities of federal taxes can be challenging for farmers in Central Illinois. The 2017 Tax Cuts and Jobs Act (TCJA) and the American Rescue Plan Act (ARPA) of 2021 significantly changed federal taxes for individuals and estates. While many provisions of the TCJA were made...