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"Total direct costs for corn production in central Illinois have increased over time from $134 per acre in 2000 to $558 in 2022, which implies an average annualized growth rate of 7% between 2000 and 2022." - @farmdocDaily @ACESIllinois ag econ team
Read the article on the farmdoc Daily website
Link to the farmdoc Daily 2024 Cash Rent article
Cash Rent Formula
"Average” cash rent = -181.5 + (3.46 x SPI) + CRD adjustment
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2023 Machinery Cost of Operation (custom farming rates)
- from the farmdoc Team
Link to the farmdoc Farm Management page
